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China is still BYD's biggest problem, but the picture is starting to stabilize, with domestic sales declines narrowing while total vehicle sales returned to growth in June and July. Overseas sales are now large enough to materially change BYD's growth mix and offset weakness at home. Europe and Brazil show that BYD can take share outside China, while local production should make that expansion more durable.
Tesla (NASDAQ: TSLA | TSLA Price Prediction) and BYD (OTC: BYDDF) just gave investors a fresh way to argue an old question.
BYD failed to break the ranks of the three most popular car models sold in China in recent months, according to Autohome data. Tesla held up well, while Volkswagen was the only traditional foreign automaker.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) just delivered a messy but strategically loud Q2 2026 report, while BYD (OTC:BYDDF) continues to sell more electrified vehicles than anyone on the planet from its Shenzhen base.
BYD exported over 180,000 vehicles in July, more than 40% of its total sales volume.
The world's largest EV maker is are ramping up thanks to overseas demand and improved production of its flash-charging Blade 2.0 batteries.
Chinese electric vehicle maker BYD's , global sales rose for a third straight month in July, with robust overseas demand continuing to help offset softer conditions in its home market.
The EV business is supposed to be in trouble. U.S. sales have dropped as much as 20% in the first half of the year.