BYD's 2026 EV Deliveries Could Hit 5.4 Million Units -- Market Talk

Dow Jones01-16

0921 GMT - BYD's electric-vehicle deliveries could reach 5.4 million units this year, Bernstein analysts write in a note. It delivered 4.6 million vehicles last year, up 8%. While BYD has maintained a dominant position in China, its EV market share there dropped to 25% in November from 30% at the start of 2025, mainly because of a relatively muted product cycle and aggressive launches from key competitors like Geely, Leapmotor and XPeng, they say. This year, BYD is looking to rejuvenate its product cycle via major upgrades to its EV platform technology, they add. In addition, overseas sales will likely become an increasingly critical earnings driver, with export volume reaching 1.05 million units in 2025. Bernstein maintains its outperform rating on BYD and keeps its target price at HK$130.00. Shares closed at HK$99.20. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 16, 2026 04:21 ET (09:21 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment