BYD leads charge as China's share of EV exports grows eightfold

Japanese automakers face threat to Southeast Asian stronghold

20230902N BYD

An Atto 3 electric SUV made by Chinese carmaker BYD is displayed at an electric vehicle trade show in Farnborough, U.K. © Reuters

Nikkei staff writers

TOKYO -- China's presence in the international electric vehicle market is growing as its share of global EV exports ballooned eightfold over the past five years.

BYD, which is rapidly expanding production of affordable EVs, is a driving force behind this trend. And as consumption falters in China, manufacturers there may increase exports to Southeast Asia, encroaching on a traditional stronghold for Japanese automakers.

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