BYD's Overseas October Sales Double as BlackRock Cuts Its Stake
Published on 11/12/2026 at 11:31 | Editorial boerse-global.de
BYD packed a lot into a busy stretch of news flow: an overseas sales surge, a production milestone, a quarterly earnings report with two different stories inside it, a BlackRock stake reduction and an apology over mis-fitted wheels. The stock's reaction was muted — a 1.6% decline on Tuesday, following a 1.7% loss the previous session that left the shares at €7.96.
Overseas momentum accelerates
At an investor meeting on Tuesday, the Chinese automaker said sales of passenger cars and pick-ups outside China reached almost 170,000 units in October, a jump of 103% from a year earlier. That overseas figure sits within a month in which BYD sold more than 490,000 vehicles in total — a number the company first reported on 1 November.
Cumulatively, January through October brought more than 3.62 million vehicles sold, of which over 1.5 million went to markets abroad.
A production landmark in Xi'an
On Monday, the 19-millionth New Energy Vehicle in company history rolled off the line at BYD's Xi'an plant. The commemorative vehicle was a Fang Cheng Bao Tai 9.
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Quarterly profit up, nine-month profit down
The third-quarter report, published on 29 October, showed a net profit of RMB 10.02 billion, up 28.1% year on year. Revenue for the quarter came in at RMB 221.49 billion, 13.6% higher than a year earlier.
The picture changes over the longer horizon. For the first nine months of the year, net profit slipped 4.2% to RMB 22.34 billion — meaning the third-quarter advance stood against a decline in the cumulative result.
BlackRock trims its long position
A Hong Kong regulatory disclosure dated 5 November showed BlackRock selling 11.54 million BYD shares off-exchange. The US asset manager's disclosed long position fell from 7.24% to 6.92%.
An apology over mis-fitted wheels
BYD said sorry on Monday for incorrectly mounted wheels on some of its Tang SUVs. According to Reuters, a coding error at a supplier caused the vehicles to be fitted with the wrong wheels.
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Testing carried out by the company found no impact on driving behaviour or safety, BYD said. Affected owners were offered free inspections and corrections to the wheels, along with help transporting the vehicles and a restart of their warranty.
Smart devices meet new-energy cars
Separately, BYD and vivo signed a strategic cooperation agreement on 30 October, with both companies aiming to deepen collaboration between smart devices and new-energy vehicles.
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