BYD's prices in overseas markets are relatively stable, which is beneficial to the company's profitability, said Wang Chuanfu.
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Category: BYD Global
BYD plans to expand its dealer network in South Africa to 20 stores by the end of this year and increase to 30 to 35 stores by 2026.
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BYD has launched the Atto 3, Seal, Sealion 7, and Seal U DM-i in Cyprus.
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BYD has delivered its 1,000th Atto 3 in South Korea, just one and a half months after deliveries of the model began on April 14.
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The Sealion 07 EV has been renamed Sealion 7 in Guatemala, similar to BYD's approach in other overseas markets.
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BYD registered 7,231 BEVs in Europe in April, ahead of Tesla's 7,165.
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The Seagull, rebranded in Europe as the Dolphin Surf, went on sale in 15 European countries on Wednesday.
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BYD will open its European headquarters and a new European R&D center in Budapest.
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BYD has entered Romania with the launch of four models and the opening of its first local store.
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BYD now believes it has the right products to replicate its success in China in overseas markets, according to Reuters.
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