China's BYD extends sales growth streak on strong exports

China's BYD extends sales growth streak on strong exports

Reuters — 2026-11-01

Automotive Industry

Chinese electric vehicle maker BYD (002594.SZ), opens new tab, posted a sixth straight month ​of sales growth in October, ‌relying on overseas markets to counter sluggish demand and intense price competition at ​home.
Vehicle sales grew 11% from a ​year earlier to 490,168 units last ⁠month, cooling from a 17% ​gain in September, while overseas shipments ​rose 102.8% on the year to 170,194 units, according to Reuters calculations based on a ​company disclosure on Sunday.

  • BYD's third-quarter ​profit growth slowed to 28% year-on-year, missing forecasts as ‌an ⁠industry-wide push into export markets intensified competition amid weak demand at home.
  • BYD, among the top exporters of hybrid ​vehicles to ​the ⁠EU, could face new curbs under a China-EU deal ​aimed at reining in hybrid ​imports ⁠in Europe.
  • China's domestic car market is set to stage a modest recovery in ⁠2027 ​after a steeper-than-expected ​downturn this year.