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The Guardian - UK

Business

Lisa O’Carroll Senior correspondent

China’s BYD aims to be world’s biggest car firm within five years

BYD China European Union Toyota Europe United States

BYD aims to sell 1.5m vehicles overseas this year. Photograph: Cheng Xin/Getty Images

The Chinese car company BYD has said it aims to be the world’s biggest automaker within the next five years.

Targeting Toyota’s long-held top spot, BYD’s founder and chair, Wang Chuanfu said he was confident it could overtake global rivals through rapid advances in battery technology and fast charging, as well as growing production overseas, including Europe.

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