Etiqueta: BYD

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

Citi expects the Chinese Tesla competitor to potentially report 60% growth abroad next year....

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.

On October 30, 2025, BYD Company Limited reported its nine-month earnings, revealing revenue of CNY 566.27 billion and net income of CNY 23.33 billion, while also announcing proposed amendments to its Articles of Association subject to shareholder approval. The results show revenue growth alongside a lower net profit, highlighting ongoing business expansion amid some profitability pressure for the period. We’ll explore how BYD’s balanced revenue growth and profitability trends may impact its...

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

The new goal is up from an expected 900,000 to 1 million vehicles in 2025 and reflects new model launches and new plants, including three in Europe.

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.

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BYD is taking the long view, as it seeks to expand sales and production to many countries in Europe, South America, and the Middle East.