Etiqueta: BYD

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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 BYD 2026 target aims to sell 1.5 million to 1.6 million vehicles outside China in 2026. The number is up from a projected 900,000 to 1 million in 2025, Citi said Tuesday after meetings with company management. Citi said new model launches will drive the increase, with 2025 overseas ...

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.