Shenzhen-based BYD (OTC: BYDDY) has reported a sharp increase in electric vehicle exports across both emerging and developed markets, driven by its expanded overseas production footprint. As of November 2025, the company dispatched more than 500,000 units to Europe, up 45% year-on-year, and over 300,000 vehicles to Southeast Asia, representing a 60% surge. BYDDY’s strategy includes localized assembly plants in Hungary and Thailand, reducing tariff impacts and cutting logistics costs by an estimated 15%. Fitch Ratings highlights BYDDY’s geographic diversification as a key strength in navigating evolving U.S. and E.U. tariff regimes, including 100% U.S. duties on Chinese EV imports and E.U. levies of up to 27.5%.

With 2.07 million electric vehicles delivered by the end of November, BYDDY is on track to surpass Tesla’s projected 1.65 million sales for 2025, according to consensus FactSet estimates. Tesla reported 1.22 million vehicles sold through September and faces a projected fourth-quarter volume of 449,000, reflecting a 7.7% annual decline. Deutsche Bank forecasts Tesla’s North American and European deliveries will drop by one-third and one-tenth, respectively, in Q4. In contrast, BYDDY’s full-year sales are expected to grow by more than 35%, bolstered by strong uptake of its hybrid models in Latin America and the Middle East. Analysts at Wedbush Securities note that BYDDY’s aggressive pricing—enabled by state-supported supply chains—and its early entry into overseas assembly positions it to sustain momentum even as global EV demand normalizes post–U.S. tax credit phase-out.