BYD Revenue By Country: China and International

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This article presents BYD’s sales revenue by country or region.

For your information, BYD derives its revenue primarily from China. However, its revenue stream outside of China has significantly increased, contributing close to 29% of the total as of 2024.

Let’s get into the details!

For other key statistics of BYD, you may find more information on these pages:

Sales

• BYD global car sales,
• BYD commercial vehicle sales,
• BYD sales breakdown of nev,
• BYD electric and hybrid vehicle sales

Revenue

• BYD worldwide revenue and revenue by segment,

Profit Margin

• BYD profitability, vehicle margin, and profit per car,
• BYD vs Tesla: vehicle profit and margin analysis

R&D Budget

• BYD vs Tesla: R&D spending comparison

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Definitions

To help readers understand the content better, the following terms and glossaries have been provided.

Renminbi (RMB): Renminbi or RMB is the official currency of the People’s Republic of China. The primary unit of the renminbi is the yuan. The symbol for the Chinese Yuan Renminbi is CN¥ or simply ¥.

BYD Company uses the Renminbi (RMB) for its financial transactions and reporting. The current exchange rate for the Chinese Yuan (CN¥) to the US Dollar (USD) is approximately 6.79 CN¥ for 1 USD.

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Insight & Summary of BYD’s Revenue Breakdown By Country/Region

The following analysis consolidates the trends observed across BYD’s revenue by country/region for the 2019–2025 period.

• BYD’s geographic revenue story is defined by two simultaneous narratives: a maturing, high-volume China domestic business and a rapidly accelerating overseas expansion that is the fastest-growing dimension of the company’s financial profile. China (including HK, Macau, and Taiwan) remains the dominant revenue source — ¥496.8B ($74.5B) on a 3-year average basis, representing 68.7% of total revenue. Overseas averaged ¥230.9B ($34.6B) at 31.3% of the mix. The current revenue split, while China-heavy, understates the strategic significance of overseas expansion — it is the segment producing triple-digit or near-triple-digit growth rates and the one that will determine BYD’s long-term competitive positioning in global automotive.

• China revenue has undergone a sharp deceleration in FY2025 — the -11.2% decline is the most important recent datapoint in the dataset. China revenue grew explosively through 2022 (+118.5%), 2023 (+32.9%), and 2024 (+25.6%), before contracting to ¥493.2B in 2025 (-11.2%). In US dollar terms, China revenue fell from $83.3B in 2024 to $74.0B in 2025. This is BYD’s first China revenue decline in the dataset — driven by a combination of domestic EV pricing competition (from SAIC, Geely, Chery, Li Auto, and Xiaomi), the intensifying subsidy clawback cycle as government support for NEV purchases modulates, and consumer upgrades toward higher-ASP vehicles that slowed total unit volume in the domestic premium segment. The 3-year average China growth of 15.8% masks this 2025 inflection — the relevant forward metric is whether the China business can stabilise or return to modest growth, rather than the prior explosive trajectory.

• Overseas revenue is accelerating and is the single most important growth driver in the dataset. Overseas revenue grew from ¥19.5B ($2.9B) in 2019 to ¥310.7B ($46.6B) in 2025 — a 1,492% increase in six years. The 3-year average growth of 51.2% is the highest sustained growth rate of any metric in this analysis. Crucially, overseas revenue grew 40.0% in FY2025 — the same year China contracted -11.2% — confirming that overseas expansion is actively counterbalancing domestic headwinds and will be the primary total revenue growth driver going forward. The FY2025 overseas revenue of ¥310.7B ($46.6B) still represents only 38.7% of total revenue, meaning BYD has substantial runway to rebalance its geographic mix toward a more globally diversified portfolio.

• The mix shift from 84.0% China in 2019 to 61.3% in 2025 is one of the fastest geographic diversification events in the global automotive industry. In 2019, BYD was overwhelmingly a domestic Chinese company — overseas represented just 16% of revenue. Six years later, overseas has grown to 38.7% — a 2,280 basis point shift in geographic mix. To put this in context: most legacy global OEMs (Toyota, Volkswagen, Ford) took decades to achieve meaningful geographic diversification. BYD has compressed this timeline dramatically through aggressive pricing in Southeast Asia (Thailand, Malaysia, Australia), targeted entry into Europe (Germany, Netherlands, UK, Norway), and rapid expansion in emerging markets (Brazil, Mexico, Israel). The 3-year average of 31.3% overseas mix understates the current trajectory — FY2025’s 38.7% is approaching the 40% threshold that typically signals a genuinely multinational company.

• The FY2020 overseas revenue surge (+203%) is the dataset’s most extreme single-year growth event — and contextually important. Overseas revenue more than tripled from ¥19.5B (2019) to ¥59.1B (2020), driven by BYD’s electronics manufacturing business exporting PPE equipment (masks, protective gear) during the COVID-19 pandemic rather than automobile exports. This base effect makes the subsequent 2021 overseas growth of just +8.1% appear as a deceleration, but was actually a normalisation from the COVID-driven anomaly. The true automobile export expansion began meaningfully in FY2022–2023, when overseas auto deliveries started scaling in Southeast Asia and Europe. This timing context is essential for interpreting the 2019–2022 overseas growth rates accurately.

• Structural Takeaway: BYD’s geographic profile is transitioning from a China-dominant business to a genuinely bicontinental operation — a transformation that is fundamentally positive for long-term revenue resilience and competitive moat. The FY2025 data point — China down -11.2%, Overseas up +40.0%, total revenue up +3.5% — demonstrates this transition in real time: overseas growth is now large enough to materially offset domestic headwinds. The critical question is whether BYD can sustain the 40%+ overseas growth rate as it moves into structurally harder markets (U.S. tariffs, European regulatory barriers) and as its overseas base doubles and triples in size. At ¥310.7B, overseas is no longer a nascent business — it now requires the same execution discipline, distribution infrastructure, and after-sales service quality that made BYD dominant domestically.

The table below combines all key BYD’s revenue by country/region metrics into a single view for the latest three fiscal years.

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Revenue Numbers (CNY$): China, Overseas, and Total

BYD uses the Renminbi (RMB), also known as the Chinese Yuan (CNY), for its financial transactions and reporting. The exchange rate of the Chinese Yuan to USD is available here: Yuan to USD conversion.

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Revenue Numbers (USD$): China, Overseas, and Total

BYD uses the Renminbi (RMB), also known as the Chinese Yuan (CNY), for its financial transactions and reporting. The exchange rate of the Chinese Yuan to USD is available here: Yuan to USD conversion.

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Revenue Mix: China, Overseas, and Total

BYD uses the Renminbi (RMB), also known as the Chinese Yuan (CNY), for its financial transactions and reporting. The exchange rate of the Chinese Yuan to USD is available here: Yuan to USD conversion.

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Revenue Growth: China, Overseas, and Total

BYD uses the Renminbi (RMB), also known as the Chinese Yuan (CNY), for its financial transactions and reporting. The exchange rate of the Chinese Yuan to USD is available here: Yuan to USD conversion.

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References and Credits

1. All financial figures presented were obtained and referenced from BYD’s quarterly and annual reprots published on the company’s investor relations page: BYD Latest Announcement.

2. Pexels Images.

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Disclosure

We may use artificial intelligence (AI) tools to assist us in writing some of the text in this article. However, the data is directly obtained from original sources (usually the quarterly and annual reports) and meticulously cross-checked by our editors multiple times to ensure its accuracy and reliability.

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