BYD’s chairman Wang Chuanfu says the company aims to become the world’s largest carmaker within five years, according to remarks made at BYD’s annual shareholder meeting in Shenzhen. Wang presents the goal as part of an ambitious growth plan as the company continues to expand its position in the global automotive market. The comments also come as BYD faces investor concern after a sharp decline in its share price. In the meeting, Wang addresses those worries by outlining confidence in BYD’s ability to overtake major global rivals, including Toyota, which is frequently cited among the leading automakers by volume. While the outlets report the same core target and timeframe, they characterize the company’s messaging as focused both on long-term competitive positioning and on reassurance to shareholders amid recent market volatility. The reports do not provide additional specific milestones or production figures in the excerpts, but they consistently frame the announcement as a key statement of direction for BYD’s leadership and investors.