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BYD's first chartered vessel sets sail with 5,000 EVs for Europe - Xinhua

Reuters

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Chinese automaker BYD has sent its first chartered vehicle vessel from Shenzhen to Europe, carrying over 5,000 electric vehicles. The roll-on/roll-off vehicle carrier, called "BYD Explorer No.1," is bound for the Netherlands and Germany. Chinese automakers, including BYD, Chery Automobile, and SAIC Motor, have been securing vessel orders to counter increasing shipping costs and bolster exports. China exported an estimated 5.2 million vehicles in 2023, surpassing Japan as the world's largest auto exporter. BYD exported around 243,000 cars out of its total sales of 3 million units in 2023.

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