Sponsored By

BYD expanding fleet with seven new car carriers by 2025

Chinese automobile manufacturer BYD is planning to put seven new car carriers into operation in the coming two years to meet the growing export demand.

Katherine Si, China Correspondent

February 21, 2024

1 Min Read
BYD Car carrier from the air
Photo: BYD

Wang Chuanfu, Chairman and President of BYD stated in Guangdong Provincial High-quality Development Conference, “BYD is going to deploy seven car carriers in the coming two years to ease the shortage of shipping capacity for automobile exports and deliver more Guangdong-made (BYD’s headquarters) vehicle into global automobile market.”

BYD’s first car carrier has launched into operation in January this year servicing for China-Europe routes. The 7,000 ceu was built by CIMC Raffles, ordered by Zodiac Maritime for charter to the Chinese automotive manufacturer.

At the end of 2022, BYD ordered four 9,400 ceu LNG dual-fuel car carriers from two shipyards under China Merchants Group, which are due for delivery starting from 2025. 

In 2023, BYD made a breakthrough in new-energy, primarily battery-powered, vehicle sales exceeding 3 million units, an increase of over 60% year-on-year.

BYD is the world’s largest of electric vehicles having surpassed Telsa in the fourth quarter of 2023.

 

About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like