CNBC·2025-10-06 11:46Core Viewpoint - BYD has reduced its sales target for 2023 by 16% to 4.6 million vehicles, while experiencing significant growth in the U.K. market, where it has become the largest market outside of China with a 2.2% market share [1][2]. Group 1: Sales Performance - BYD sold 11,271 cars in the U.K. last month, marking an impressive year-on-year growth of 880% [1]. - The total sales in the U.K. for the year have exceeded 35,000 vehicles, establishing it as BYD's largest market outside of China [1]. Group 2: Product Offering and Pricing - BYD is recognized for its more affordable electric vehicle prices compared to competitors, with the BYD Dolphin starting at just over £26,000 ($34,913), while Tesla's Model 3 is priced around £40,000 [2]. - The company has plans to introduce a more affordable model in the future [2]. Group 3: Popular Models and Expansion - The hybrid SEAL U DM-i and electric SEALION 7 have gained popularity among U.K. consumers, dominating sales figures [3]. - BYD has also opened a battery facility in the U.K. to service electric buses, indicating a commitment to expanding its operations in the region [3].