Etiqueta: Geely

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.

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.

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 reached a new monthly sales record in Germany for the second consecutive month in October, with figures surpassing 3,000 units again.

BYD Co. (BYDDF) could be entering a tougher stretch as investor confidence wanes. The automaker's shares slipped 1.9% to HK$98.70 in early Hong Kong trading Monday, hovering near a nine-month low after reporting a 12% year-on-year drop in October sales to 441,706 vehicles. The stock has now fallen…

This marks the second consecutive month of year-on-year decline in BYD's monthly sales.