Mumbai, June 11 -- Chinese automotive major BYD (Build Your Dreams), one of the leading manufacturers of new energy vehicles (NEVs) across product categories, has outlined an ambitious target to become the No.1 automaker in the next five years.

The statement was made by Wang Chuanfu, CEO, BYD, who told investors in China, according to a Reuters report.

In 2025, BYD surpassed American automotive major Ford Motor Co in terms of sales, with 4.6 millions sold globally, thanks to robust domestic demand, as well as its aggressive expansion in global markets such as Europe and Asia.

The company now aims to surpass Japanese automaker Toyota Motor Corporation, which continues to be the No.1 automaker (in terms of volumes), consistently selling ...