BYD, chaired by Wang Chuanfu and based in southern China, overtook Tesla as the world's largest EV seller by sales last year and reported May overseas sales exceeding 160,000 units, an 80% increase year-over-year. The company targets 1.5 million overseas vehicle sales in the current year after selling 1.05 million abroad previously. Wang stated at the Shenzhen shareholder meeting that BYD aims to become the top global automaker by scale within five years, while Stella Li confirmed Hungary plant assembly starting in Q4 and noted a paused Turkey project.