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BYD Targets 1.5 Million EV Exports by 2026

3/30/2026

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Story summary
  • BYD Co. aims to export 1.5 million electric vehicles in 2026, up from 1.3 million.
  • This outlook follows disappointing domestic sales and BYD's first profit decline in four years.
  • During an analyst briefing, BYD management expressed confidence in meeting the 2026 target.
  • Exports exceeded 1 million units last year and have become crucial as domestic sales slow.
  • Analysts warn profitability may hinge on international sales amid growing competition in China.