BYD IS Aiming for Growth This Year — 13% Growth in China?
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I just wrote an article yesterday about some reasons why BYD sales have been down this year and the potential for a huge jump in sales in coming months. There are a lot of ifs, ands, and buts … but it does seem like there’s strong potential for a big sales surge as new, strongly updated models get to higher production levels and into customer hands.
Well, the case for a big sales boost just got stronger, because BYD itself is apparently expecting it. BYD management reportedly briefed JPMorgan Chase & Co recently and is expecting 3.5 million to 4 million sales in China this year. That would mean up to 13% growth in its home market.
BYD’s exports are already up this year, meaning that while its overall sales are down, its domestic sales are down even more! So, if the company is expecting a significant rebound at home and perhaps 13% growth, we should see even better numbers on the global stage.
According to Bloomberg, analysts had been expecting sales stagnation from the company, or even a sales decline, so this does flip the script. Perhaps 2026 will turn out to be a great year for BYD after all.
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