{
    "success": true,
    "data": {
        "id": 1797951,
        "msgid": "byd-chief-says-company-will-overtake-toyota-within-five-years-1781175967",
        "date": "2026-06-11 16:56:05",
        "title": "BYD Chief Says Company Will Overtake Toyota Within Five Years",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Business",
        "summary": "BYD chairman Wang Chuanfu has claimed the Chinese automaker will become the world's largest car manufacturer within five years, surpassing current leader Toyota. Speaking at a shareholder meeting in Shenzhen, he cited the next-generation Blade Battery as crucial to the company's expansion plans.",
        "content": "<p>BYD was the world\u2019s sixth-largest automaker last year, but the\ncompany is not satisfied merely building more cars than Ford. BYD wants\nto become the world\u2019s largest automaker, overtaking the Volkswagen Group\nand Toyota. Company chairman Wang Chuanfu said the brand could become\nthe world\u2019s largest automaker within the next five years. Carscoops\nreported on Thursday local time that Wang disclosed this at the\ncompany\u2019s annual shareholder meeting in Shenzhen, stating that the new\nsecond-generation Blade Battery would be key to the company\u2019s expansion.\n\u201cBYD will truly become the number one global automaker within the next\nfive years,\u201d he said. Making such a bold statement is, of course, far\neasier than actually becoming the world\u2019s largest automaker. It is\nlikely the BYD boss drew inspiration from Elon Musk\u2019s strategy, making\nsuch pronouncements to bolster the automaker\u2019s share price, which has\nfallen more than 45 per cent over the past year. BYD needs to grow\nextremely rapidly over the next five years to achieve its goal. Last\nyear, the brand sold 4.6 million vehicles, less than half of the 11.21\nmillion sold by Toyota Motor Corporation if Lexus and Daihatsu are\nincluded. Toyota itself sold 9.6 million cars last year, so to rival it,\nBYD would need to increase its sales by 1 million units each year for\nthe next five years. That would be an extraordinarily difficult task.\nThis goal will be affected by the widespread slowdown across China,\nwhich has decelerated BYD\u2019s growth in its domestic market. In May, the\ncompany sold 207,372 vehicles in China alone, a 29.2 per cent decline\ncompared to the same period last year. To offset lower demand in its\nhome country, BYD must rapidly expand into new international markets,\nwith Canada expected to be one of the most important.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/byd-chief-says-company-will-overtake-toyota-within-five-years-1781175967",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}