BYD Surges Past Tesla in EV Sales and Hits 17 Million Production Milestone, Yet the Stock Remains a Laggard
Published on 07/10/2026 at 14:44 | Redaktion boerse-global.de
The numbers keep piling up for BYD, and they are impressive by any measure. The Chinese automaker has reclaimed the global lead in pure electric vehicle sales from Tesla, smashed its own overseas sales record, and churned out its 17-millionth new energy vehicle—all in the space of a few weeks. Yet the stock continues to trade well below its 52-week high, leaving a clear disconnect between operations and share price.
Between April and June, BYD delivered 557,090 battery-electric vehicles, comfortably outpacing Tesla’s 480,126 units. The reversal marks a sharp contrast to the first quarter, when Tesla had narrowly regained the top spot. Depending on the source of the estimate, BYD’s lead ranged from 77,000 to more than 160,000 vehicles. In either case, the Chinese group now sits firmly at the top of the global BEV leaderboard.
The catalyst is clear: an aggressive push into markets beyond China. Domestic headwinds—fierce price wars and mounting competition—are squeezing margins at home, so BYD is looking to Europe, Latin America and Southeast Asia to fuel growth. In June, overseas sales hit a record 175,349 vehicles, accounting for 43 percent of total deliveries. That represents a 94.7 percent jump from the same month last year. For the first half, global sales reached 1,808,511 units, with exports of passenger cars and pickups alone climbing 68 percent to 789,367.
Production volumes are matching the sales momentum. On July 10, BYD’s cumulative output of new energy vehicles—pure EVs and plug-in hybrids combined—crossed the 17-million mark. That milestone came just 82 days after the previous million-unit threshold was reached. The vehicle that rolled off the line on July 8 was a Seal 08, a sedan unveiled only six days earlier. It carries BYD’s second-generation Blade battery, which supports an 800-volt architecture and, according to Chinese CLTC standards, delivers a range of up to 905 kilometers. Fast charging adds meaningful range in just five minutes.
Should investors sell immediately? Or is it worth buying BYD?
Beyond passenger cars, BYD is expanding its energy-storage business. On the same day as the production milestone, the company signed a deal with Abu Dhabi-based renewables firm Masdar to supply battery storage systems with a capacity of 11.275 GWh for a project in the United Arab Emirates. The technology underpinning the new Blade battery also continues to roll out: BYD has installed roughly 7,000 fast-charging stations across more than 300 Chinese cities, with a target of 20,000 by year-end. The company says the second-generation battery can charge from 10 to 97 percent in about nine minutes and holds up well even in extreme cold.
Meanwhile, BYD is making a play for the European premium segment. At the Goodwood Festival of Speed, the group unveiled several world premieres, headlined by the Denza Z—an electric hypercar producing nearly 1,600 horsepower and capable of accelerating from a standstill to 100 km/h in under two seconds.
Despite that barrage of good news, the stock has struggled to regain altitude. After closing at €9.25, BYD shares recently changed hands at €9.56, a gain of 3.33 percent on the day. But the weekly change is flat, and the monthly performance is slightly negative. Over the past twelve months, the stock has lost 27 percent, and it still trades 35.4 percent below its 52-week high of €14.80 set in July 2025. A new yearly low of €8.03 was touched on June 30, from which the stock has recovered about 19 percent. Both the 50-day moving average (€9.76) and the 200-day moving average (€10.70) remain above current levels, while the 30-day annualized volatility stands at 42.11 percent and the RSI at 55.4.
BYD at a turning point? This analysis reveals what investors need to know now.
In the second half, BYD must prove its international push can sustain margins. Management has raised its annual export target to 1.5 million vehicles, expecting the new battery technology to generate up to 30,000 additional monthly sales. Whether that will be enough to win over the market remains an open question.
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BYD Stock: New Analysis - 10 July
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