Chinese electric carmaker BYD is expanding operations overseas, setting a unit sales target for 2023 to overtake Elon Musk-run Tesla, the media reported on Sunday.
Operating in more than 40 nations, BYD plans to sell nearly two million EVs this year, including in Japan and countries in Southeast Asia and Europe, according to a Nikkei Asia report.
“Our dream will come true as a result of research and development efforts over 20 years. We will change the global industrial structure for luxury cars,” Wang Chuanfu, founder and chairman of BYD, was quoted as saying.
