BYD’s Domestic Sales Slide Continues as It Bets Big on Autonomy Liability and Overseas Growth
Veröffentlicht: 03.06.2026 um 07:42 Uhr, Redaktion boerse-global.de
BYD’s home market troubles deepened in May, with Chinese sales plunging 24.1 percent to roughly 222,800 vehicles — the 13th consecutive monthly decline — even as the Shenzhen-based giant smashed an export record and unveiled a sweeping liability guarantee for its driver-assistance system. The starkly contrasting numbers underscore a company straddling two realities: a brutal price war at home and accelerating global demand that now accounts for nearly 42 percent of total deliveries.
Overseas shipments soared 80.4 percent year-on-year to approximately 160,600 units in May, lifting total global sales to 383,500 vehicles — a meager 0.3 percent increase that nonetheless snapped an eight-month streak of contraction. The export surge was fueled by stronger demand across Europe and emerging markets, with volatile oil prices further stoking interest in battery-electric vehicles. Sub-brands also told a mixed story: Fang Cheng Bao jumped nearly 140 percent to 30,200 units, while the ultra-luxury Yangwang delivered 286 cars, and the Dynasty and Ocean volume brands together accounted for 330,200 units.
Against that backdrop, BYD made a move no global automaker has attempted: it assumed full financial liability for accidents caused by its “God’s Eye” driver-assistance system. Announced at a Shenzhen event in late May, the policy covers repairs, third-party damages and personal injury for one year with no cap and no impact on the owner’s insurance premium. The first real-world test came on May 29, when a Denza Z9GT operating with active urban navigation was involved in an incident; BYD completed its technical review and approved payment within 24 hours.
The company’s confidence stems from a sheer data advantage: more than 3.15 million vehicles on the road generate over 124 million miles of driving data daily. Around 5,000 engineers are dedicated to autonomous driving, and BYD plans to invest more than 100 billion yuan — roughly $15 billion — in further development. That data moat now supports a homegrown chip, the Xuanji A3, built on a 4-nanometer process and delivering more than 2,100 TOPS of computing power, designed to elevate God’s Eye to Level 3 and Level 4 autonomy.
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On the product front, BYD unveiled the full-size “Datang” SUV, equipped with second-generation Blade batteries and a fast-charging system that can add 200 kilometers of range in five minutes. The chip is slated for mass production and will underpin the next wave of autonomous features.
The Hong Kong-listed shares responded positively, climbing 4.19 percent to HK$97.10 on June 2, after briefly touching higher levels earlier in the week. Analyst consensus sees fair value between HK$120 and HK$125, with CITIC Securities on the bullish end at HK$130. The stock had traded as low as HK$90.75 before the announcement. BYD also confirmed an ex-dividend date of June 11, with a payout of RMB 0.358 per share.
Yet the cumulative January-to-May delivery total of 1.41 million vehicles remains roughly 20 percent below the prior-year level. Domestic rivals such as Leapmotor are gaining ground, with the startup posting a record 81,500 units in May. The wider Chinese EV market is stuck at last year’s volume amid shrinking subsidies, forcing manufacturers to either export aggressively or build technological trust.
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BYD’s liability guarantee is the boldest effort yet to convert technical prowess into consumer confidence. If the policy scales without spiraling costs, it could force rivals like Tesla, XPeng and Geely to match the commitment — or risk losing buyers who want the automaker to stand behind its software. For now, BYD’s export engine and its willingness to put its balance sheet behind God’s Eye provide a dual growth narrative that may finally reverse the domestic slide in the second half of 2026.
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