Etiqueta: Europe

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.

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.

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.

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.

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.

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