BYD Chairman Wang Chuanfu said the company will become the world's largest automaker within five years [1].
The announcement comes as the Chinese electric vehicle giant faces intensified competition in its home market and a steep decline in share prices [2]. By projecting global dominance, Wang aims to stabilize investor confidence and signal long-term growth despite current volatility.
Wang made the remarks Tuesday, June 9, 2026, during a shareholders meeting in Shanghai [3]. He said the company's strategic trajectory is aimed at surpassing all global competitors in total vehicle production and sales.
"We will become the world's largest automaker within five years," Wang said [4].
Reports on the specific target year vary slightly among sources. Some projections suggest the company aims to reach this milestone by 2030 [5], while others indicate the goal is to be the biggest car company in the world by 2031 [6]. This five-year window aligns with the company's current aggressive expansion into international markets.
BYD has already established a significant footprint in the industry, with annual vehicle deliveries reaching 4.3 million vehicles [6]. The company continues to scale its production capabilities to compete with legacy manufacturers and other emerging EV brands.
"Our goal is to be the biggest car company in the world by 2031," Wang said [6].
The chairman's confidence follows a period of market pressure. The push for global leadership is intended to offset the impact of the recent slide in shares and the saturation of certain segments within the Chinese domestic market [2].
"BYD aims to be the world's largest car company within five years," Wang said [7].
“"We will become the world's largest automaker within five years."”
BYD's ambition to lead the global automotive market reflects a broader shift in the industry where Chinese manufacturers are transitioning from domestic dominance to international expansion. By setting a hard five-year deadline, Wang is attempting to pivot the narrative away from short-term stock volatility and toward a future where BYD dictates the pace of the global energy transition in transport.
