Overview
- Huge 2026 Goal: BYD wants to sell 1.5 to 1.6 million cars in other countries.
- 2025 Plan: Around 900,000 to 1 million cars sold abroad.
- Fast Growth: From 400,000 in 2024 to 1.6 million in 2026—that’s 4 times more in just 2 years!
- Why Growing?: New car models and strong sales in Europe, North America, and ASEAN countries.
- Balanced Sales: Each region gets about one-third of overseas sales.
- Less Spending: BYD will spend less money on factories in 2026 because they already have enough.
- China Sales Down: 2025 target cut to 4.6 million due to tough competition at home.
- 20% Overseas Now: This year, 1 out of 5 BYD cars is sold outside China.
BYD Overseas Sales 1.6 Million 2026: Citi Says Chinese EV Giant Will Sell Twice as Many Cars Abroad Next Year
BYD, the famous Chinese electric car company, has a big dream for the world market. According to a new report from Citi Bank, BYD plans to sell as many as 1.6 million cars outside China in 2026. That’s double what they expect to sell abroad in 2025!
Citi talked to BYD bosses and learned that:
- In 2025, BYD will sell 900,000 to 1 million cars in other countries.
- In 2026, that number will jump to 1.5 or 1.6 million.
- The growth will come from new car models that people love.
This is a huge increase from 2024, when BYD sold only about 400,000 cars abroad. In just two years, they want to sell 4 times more!
Where Will BYD Sell These Cars? All Over the World!
BYD is not putting all its eggs in one basket. They are selling cars evenly in three big areas:
| Region | Share of 2025 Sales |
|---|---|
| Europe | About 33% |
| North America | About 33% |
| ASEAN (Southeast Asia) | About 33% |
This means:
- Europe: Countries like Germany, UK and France
- North America: Mainly through Mexico (to enter USA later)
- ASEAN: Thailand, Indonesia, Malaysia, Singapore
No single place will have too much or too little—balanced growth!
Why Less Factory Spending in 2026?
BYD has built 8 giant factories in China over the last 5 years. They also started new factories abroad:
- Hungary → For Europe
- Brazil → For South America
- Spain → Planned as third European factory
Because of this, BYD says:
- They will spend less on new factories in late 2025.
- In 2026, spending will drop a lot because they already have enough space to make cars and batteries.
Tough Time in China: Why Focus on Abroad?
At home in China, BYD is facing big competition:
- Companies like Geely and Leapmotor are selling cheaper cars.
- BYD’s profit fell a lot in the third quarter of 2025—the worst in over 4 years.
- So, they lowered their 2025 China sales target from higher numbers to only 4.6 million.
But abroad? Sales are growing fast!
- This year (2025), 20% of all BYD cars are sold outside China.
- That’s double compared to 2024!
How BYD is Winning Globally
| Strategy | What It Means |
|---|---|
| Local Factories | Build cars where they sell → lower cost, avoid taxes |
| New Models | Fresh designs for different countries |
| Balanced Regions | Don’t depend on just one market |
| Enough Capacity | No need to build more factories soon |
What This Means for the World
- BYD vs Tesla,: BYD is becoming a global EV leader.
- Jobs Abroad: New factories create work in Hungary, Brazil, etc.
- Cheaper EVs: More competition = better prices for buyers.
- Green Future: More electric cars = less pollution.
Conclusion: BYD is Going Global—Big Time!
BYD’s plan to sell 1.6 million cars abroad in 2026 shows one thing: China’s EV king is now aiming for the world. With new models, smart factory planning, and sales in Europe, America, and Asia, BYD is not slowing down. Even though things are hard in China, overseas markets are shining bright.
Citi believes BYD can do it. And if they succeed, 2026 will be the year BYD truly becomes a global car giant—not just a Chinese one.
Source: reuters.com
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