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Market Chatter: BYD Looking to Dethrone Toyota Even Without US Market, Executive Says

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BYD (HKG:1211, SHE:002594) is looking to dethrone Toyota (TYO:7203) as the world's largest car manufacturer by sales within five years even without the help of the U.S. market, the Financial Times reported Wednesday, citing its interview with Stella Li, the chief of BYD's international operations.

The Shenzhen-based car manufacturer is looking to boost sales through a pivot to Europe, where electric vehicles could gain heftier margins compared with China, the report said, citing Li.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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