BYD to double overseas EV sales by 2026: 1.6M target
BYD's global EV expansion: exports to hit 1.5-1.6M by 2026
BYD to double overseas EV sales by 2026: 1.6M target
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.
2025-11-12T07:48:40+03:00
2025-11-12T07:48:40+03:00
2025-11-12T07:48:40+03:00
China’s largest electric-vehicle maker BYD plans to significantly ramp up its global presence. Citi analysts, cited by SPEEDME.RU, say the company aims to sell 1.5 to 1.6 million vehicles outside China in 2026—nearly double the level expected for 2025.According to Citi’s report, sales will be spread across Europe, North America and the ASEAN countries, with each region accounting for roughly a third of exports. The anticipated jump is tied to new model launches and the expansion of manufacturing capacity abroad.BYD has already built eight gigafactories in China and is actively building out its overseas footprint. The company operates plants in Hungary and Brazil, and Spain has become the next candidate for a third European plant.Despite intensifying competition at home from Geely and Leapmotor, BYD plans to offset softer demand in China through exports. In 2025, overseas markets accounted for around 20% of the company’s sales—twice the share a year earlier. The trajectory suggests exports are becoming the main lever to keep growth steady.Citi also forecasts lower capital spending in 2026, noting that car and battery capacity already covers rising demand. In effect, BYD is doubling down on global expansion and strengthening its foothold in the world’s key EV markets.
BYD, EV exports, overseas sales 2026, global expansion, Europe, North America, ASEAN, gigafactories, Hungary plant, Brazil plant, Spain factory, Citi report, EV market forecast, capex, battery-capacity
2025
Michael Powers
news
BYD's global EV expansion: exports to hit 1.5-1.6M by 2026
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.
Michael Powers, Editor
China’s largest electric-vehicle maker BYD plans to significantly ramp up its global presence. Citi analysts, cited by SPEEDME.RU, say the company aims to sell 1.5 to 1.6 million vehicles outside China in 2026—nearly double the level expected for 2025.
According to Citi’s report, sales will be spread across Europe, North America and the ASEAN countries, with each region accounting for roughly a third of exports. The anticipated jump is tied to new model launches and the expansion of manufacturing capacity abroad.
BYD has already built eight gigafactories in China and is actively building out its overseas footprint. The company operates plants in Hungary and Brazil, and Spain has become the next candidate for a third European plant.
Despite intensifying competition at home from Geely and Leapmotor, BYD plans to offset softer demand in China through exports. In 2025, overseas markets accounted for around 20% of the company’s sales—twice the share a year earlier. The trajectory suggests exports are becoming the main lever to keep growth steady.
Citi also forecasts lower capital spending in 2026, noting that car and battery capacity already covers rising demand. In effect, BYD is doubling down on global expansion and strengthening its foothold in the world’s key EV markets.
