#4 Global Expansion

BYD has an aggressive expansion strategy, aiming to increase its production capacity, innovation, and global presence. BYD's global expansion strategy involves establishing production facilities in Thailand, Brazil, and Hungary, allowing it to tap into diverse markets. It has invested heavily in R&D, building new factories, and launching new models. It has also entered new markets, such as Europe and the U.S., where it competes with Tesla and other established automakers.