Over the last 25 years, the government has maintained consistent five-year plans for the transition to electric vehicles, demonstrating its conviction in 2017 by ceasing the manufacture of combustion cars. Currently, in new parking lots, the law requires that 30% of spaces have chargers. This change has led to an increase in the adoption of electric vehicles, raising the question of when we will see this advancement outside of China.
A recent innovation allows for charging 400 km of range in five minutes, which is accelerating the transition to electric vehicles. It is expected that in less than a decade, all new cars in China will be electric. Models like the Dolphin have succeeded in Mexico and Brazil, not relying on subsidies, but standing out for their technology, design, competitive price, and daily economic savings.
BYD has positioned itself as a leader thanks to its focus on innovative technology, such as ultra-fast charging, excelling in markets like Mexico and Brazil. As the penetration of electric vehicles grows in Europe, BYD is considering expanding its offerings to include plug-in hybrid models, complementing its presence in various markets.
The company has overcome financial and market obstacles, betting on excellence and consistency in its long-term vision. The influence of Chinese state policy on this strategic approach has been crucial, as well as global expansion with factories in Hungary, Brazil, and soon in Mexico.
The company is preparing to launch the Denza brand in Europe, the Middle East, and Latin America, while continuing to strengthen its position in the automotive market. Despite having no immediate plans to sell cars in the United States and Canada, BYD focuses on consolidating solid sales and after-sales teams internationally to maintain its rapid growth.
Recent recognitions, such as the World Automotive Person of the Year 2025 award and the World Urban Car 2025 for the Seagull, highlight BYD's commitment to technological innovation and sustainable development. With products like the DM-i technology, which offers electric range combined with gasoline, the company seeks to consolidate itself in global markets, adapting to the specific regulations and conditions of each region.
