BYD to become world’s largest automaker by scale within five years, says chairman Wang Chuanfu During BYD‘s 2025 annual general meeting held on June 9, 2026, Chairman and President Wang Chuanfu expressed strong confidence in the company’s future, projecting that BYD will achieve the status of the world’s largest automaker by scale within the next five years. Strong overseas momentum Wang highlighted the robust growth of Chinese automakers in international markets, noting that BYD’s products – characterised by competitive pricing, advanced technology, and superior user experience – are currently outperforming many local competitors. While the company initially set an overseas sales target of 1.6 million vehicles for this year, Wang revealed that current trends suggest this figure will be surpassed. Emphasising a strategy of “long-termism,” Wang stressed the importance of localisation to ensure stable and sustainable growth, aiming for win-win outcomes in international markets. Advancing intelligent driving Addressing the future of automotive intelligence, Wang described the vehicle as a form of “embodied intelligence.” With 3.15 million intelligent driving-equipped vehicles already on the road globally, BYD is accumulating data at a rate of 200 million km per day. This dataset serves as a foundation for the company’s next-level autonomous driving capabilities. Wang predicted that L3 and L4 autonomous driving technologies will reach the market sooner than expected. He confirmed that BYD is fully prepared across chips, algorithms, and data ecosystems. “Once the regulations are in place, BYD will quickly take off,” Wang stated, noting that the company has already established training centres in Europe, South America, Southeast Asia, and the Middle East to support this rollout. Technology-Driven Premium Strategy In response to shareholder concerns regarding domestic profit margins and brand image, Wang maintained that BYD’s path to high-end positioning lies in its core technology. He pointed out that in many international