All articles tagged with #overseas sales
BYD sold 382,476 NEVs in May, with record overseas sales reaching 89,047 units, marking a sixth consecutive month of record-breaking overseas sales and a 15.27% year-on-year increase in total NEV sales. The company's focus on electric and hybrid vehicles continues to grow, with significant increases in power battery installations and a target of 5.5 million units sold in 2025.
BYD, a global leader in electric vehicles (EVs), is ramping up its efforts to dominate the market with plans to more than double its overseas sales this year and reach one million in 2025. The company is set to launch next-gen hybrid technology offering over 1,200 miles of range and aims to undercut gas-powered car sales with its new platform. BYD's CEO believes that EVs and plug-in hybrid electric vehicles (PHEVs) have entered the "knockout round" and is implementing an "overseas + localization" strategy to expand its brand globally.
Chinese investors and creditors are selling off real estate assets globally to raise cash amid a deepening property crisis at home, potentially revealing the true extent of the industry's troubles. The worldwide slump triggered by borrowing-cost hikes has wiped off over $1 trillion in office property values, with concerns about large, unrealized losses impacting banks and asset owners. As a new wave of overseas assets acquired during a decade-long Chinese expansion spree hits the market, the industry braces for improved transparency and price discovery, while also facing the wider impact of such disposals on the commercial real estate market.
U.S. arms makers are turning to overseas sales to bolster their stockpiles amid a surge in demand for military equipment. The defense industry is seeking to increase production capacity and secure long-term contracts with foreign buyers to ensure a steady supply of weapons and ammunition. This move comes as the U.S. military faces challenges in meeting its own needs due to budget constraints and disruptions caused by the COVID-19 pandemic.