BYD owns their own fleet of car carriers for export, with the capacity to have ~30k vehicles shipping to other markets at any one time on their vessels. From this piece:
> BYD Deliveries outside of China hit 1.05 million in 2025. The company has set a goal to expand overseas sales to between 1.5 million to 1.6 million units in 2026, according to a Citigroup Inc. report in November that cited a meeting with BYD management.
Edit: The debt is irrelevant, China isn’t America. They’ll nationalize and inflate away any institutional debt or wipe it out, but still have a third of the world’s manufacturing capacity. Tesla exists on vibes, Chinese EV makers build, for example. jmyeet’s comment mostly nails this: https://news.ycombinator.com/item?id=46456020
> BYD Deliveries outside of China hit 1.05 million in 2025. The company has set a goal to expand overseas sales to between 1.5 million to 1.6 million units in 2026, according to a Citigroup Inc. report in November that cited a meeting with BYD management.
Edit: The debt is irrelevant, China isn’t America. They’ll nationalize and inflate away any institutional debt or wipe it out, but still have a third of the world’s manufacturing capacity. Tesla exists on vibes, Chinese EV makers build, for example. jmyeet’s comment mostly nails this: https://news.ycombinator.com/item?id=46456020
https://news.ycombinator.com/item?id=46424124 (citations)
(global light vehicle TAM is ~90M units/year, and Chinese EV automakers are going to soak the market with their production capacity)