“The factory has continued to grow at a rapid pace. The state-owned media organization China Daily reported in May that BYD planned to add 20,000 employees in the first quarter of the year, with the company employing around 60,000 workers in Zhengzhou as of February.”
“Analysis of the satellite imagery by Vantor suggests the entire footprint of the site is now around 22.5 square kilometres, far larger than the estimated 3.53 square kilometres footprint of Tesla’s largest gigafactory in Austin.”
“However, BYD’s sales fell for the first time in 18 months in September and again in October, and the company reported that its profits in the third quarter had declined by 33% in its latest earnings.”
“BYD has seen its sales surge 300% in Europe so far this year, even as Tesla’s have collapsed, and the Chinese brand has announced ambitious plans to open 1,000 new stores across the continent by the end of next year.”
“The company’s building spree is not limited to China. BYD is also building factories in Hungary and Turkey as it seeks to localize production and avoid tariffs.”
“The EV giant has established factories in Brazil, Thailand, and Indonesia, and has built a fleet of giant car-carrying cargo ships to export its vehicles across the globe.”
See also: Inside BYD’s plan to rule the waves
https://www.businessinsider.com/see-byds-fleet-car-carrying-cargo-ships-tesla-2025-8