BYD owns their own fleet of car carriers for export, with the capacity to have ~30k vehicles shipping to other markets at any one time on their vessels. From this piece:

> BYD Deliveries outside of China hit 1.05 million in 2025. The company has set a goal to expand overseas sales to between 1.5 million to 1.6 million units in 2026, according to a Citigroup Inc. report in November that cited a meeting with BYD management.

Edit: The debt is irrelevant, China isn’t America. They’ll nationalize and inflate away any institutional debt or wipe it out, but still have a third of the world’s manufacturing capacity. Tesla exists on vibes, Chinese EV makers build, for example. jmyeet’s comment mostly nails this: https://news.ycombinator.com/item?id=46456020

https://news.ycombinator.com/item?id=46424124 (citations)

(global light vehicle TAM is ~90M units/year, and Chinese EV automakers are going to soak the market with their production capacity)

A car transport holds thousands of ships. Therefore requiring temporary storage for thousands of cars is normal.

Even if you count the massive "hidden debt", BYD's debt load is still a small fraction of the big car makers, many of whom hold over $200 billion in debt.

Dumping notwithstanding, BYD is still selling cars into the Australian market in enormous numbers. Four of the top ten EVs sold this year are BYD, as are the top two PHEVs.

If you account for the fact that Australian market Teslas are built in China, then China is producing 8 of the top 10 EVs.

https://www.drive.com.au/news/australias-best-selling-cars-b...

They have $5.6B in debt, around the same as Mazda and Polestar and roughly half Tesla's $13B.

https://companiesmarketcap.com/automakers/automakers-with-th...

And vast parking lots full of cars isn't dumping, it where they put them before sending them to dealers:

> its parking areas are still brimming with new BYDs fresh from arriving at nearby Port Kembla ahead of their delivery to BYD dealers.

Also their abysmal human rights record

https://www.amnesty.org/en/latest/news/2024/10/human-rights-...

Dumping notwithstanding, they're still selling cars into the Australian market in enormous numbers. Four of the top ten EVs sold this year are BYD, as are the top two PHEVs.

https://www.drive.com.au/news/australias-best-selling-cars-b...

A friend of mine works in the chemical industry in Europe. One reason European producers are currently facing challenges is that Chinese producers are dumping chemicals into the global market at heavy discounts.

The underlying cause of this is that the Chinese housing market, which previously absorbed almost all chemicals, has effectively stalled (Evergrande, et al.).

I wonder whether we're observing a similar effect in the automobile industry as well.

regarding: "Meanwhile they are dumping thousands of cars in public parking lots" Sure you can post a speculative article, but this link is far more informative. https://www.carsguide.com.au/car-news/byd-car-park-mystery-s...

It doesn't really appear to be anything of grand significance.

It seems that BYD are storing cars improperly but there’s nothing in the first link about financial engineering.