BYD Signals It’s Confident Exports Will Beat 2026 Target By 15%

BYD Co. signaled to analysts that exports this year will probably beat its previous target by 15%, according to people familiar with the matter, as the world’s biggest electric vehicle maker leans on growth in overseas markets to counter a slump in domestic sales.

In an analyst briefing Monday following worse-than-expected fourth-quarter earnings, BYD management told participants that the automaker is confident exports will reach 1.5 million vehicles in 2026, said the people, who asked not to be identified because the forecast isn’t public. That’s up from the 1.3 million target the Shenzhen-based carmaker disclosed in January.