Why these two countries could be key to BYD's global domination

More than 5,000 electric vehicles were loaded onto a giant shipping carrier in China this week and sent to ports in Europe. The cars come from a Chinese carmaker that has surpassed Tesla as the world’s biggest seller of electric vehicles (EVs). The automaker enlisted a massive vessel to ferry its exports from China to Germany and the Netherlands. This move highlights the growing influence of the carmaker, which is expanding its reach beyond its home market. The company aims to establish a presence in Hungary and Mexico as gateways to Europe and North America. By setting up production plants in these countries, the company can avoid hefty tariffs and gain access to wider markets. Experts believe that these expansion plans will help the company solidify its position as a global player in the EV market.