Etiqueta: Battery

After two years of headlines begging for failure, EV sales keep defying false media narratives that they are dropping, and continue to rise.

CATL's market share in October increased by 0.19 percentage points compared to September, while BYD's share grew by 0.22 percentage points.

According to data compiled by the Gasgoo Automotive Research Institute, BYD s passenger vehicle exports continued to perform strongly from January to September

Citi sees BYD nearly doubling overseas EV sales in 2026 to 1.5-1.6M, powered by models and plants in Europe, North America and ASEAN, driving growth worldwide.

Tesla's share of China's NEV market in October stood at 2.03 percent, dropping out of the top 10 for the first time since August 2022.

According to a Reuters report on Tuesday, citing a Citi report, the EV maker is doubling down on overseas expansion as competition intensifies at home.

China’s giant BYD is targeting 1.6 million vehicle sales overseas in 2026, as it expands both sales and production around the globe.

BYD has been building factories for local assembly in countries such as Hungary and Brazil and it plans a third plant for Europe, with Spain the top candidate.

BYD's overseas sales target for 2026 is 1.5-1.6 million vehicles, with growth primarily driven by new model launches, Citi said.

BEIJING (Reuters) -Chinese electric vehicle maker BYD aims to sell up to 1.6 million vehicles abroad next year, ​doubling down on overseas expansions with high double-digit growth from 2025, ‌Citi said in a report on Tuesday. Overseas sales guidance of 1.5-1.6 million vehicles is ‌up from an expected 900,000 to 1 million vehicles sold outside China in 2025, "with growth driven by new model launches," the Citi note said, citing a meeting with BYD management on Tuesday.