BYD’s Dual-Track Expansion: Renault Talks Collapse While Abu Dhabi Storage Megadeal Takes Off
Veröffentlicht: 12.07.2026 um 02:43 Uhr, Redaktion boerse-global.de
BYD’s global push is accelerating on two very different fronts — and with sharply contrasting outcomes. While the Chinese giant has been locked out of a potential European automotive partnership with Renault, it has simultaneously secured one of the largest single battery-storage contracts ever awarded, a 11.275?GWh deal in Abu Dhabi that cements its position as a dominant force in energy storage.
Renault Bids Rejected Twice
According to French business daily Les Échos, BYD made two attempts to buy into Renault — first in 2024 and then again in autumn 2025. Both times the French carmaker refused. The proposed arrangement would have seen Renault gain access to BYD’s electric-vehicle and plug-in hybrid battery technology in exchange for production capacity at Renault’s European factories. But Les Échos reported that BYD was seeking control rather than a mere partnership, a condition that proved unacceptable to Renault’s key shareholder, the French state. The government holds roughly 15 percent of Renault’s equity and controls more than 30 percent of the voting rights, a position that almost certainly influenced the decision. Neither company has officially confirmed the talks.
The rejection has not derailed BYD’s European expansion plans. The manufacturer is close to selecting a second production site on the continent, with Spain and France named as the leading candidates for an existing factory. Meanwhile, its first European plant in Szeged, Hungary, is on track to begin mass production in the fourth quarter of 2026.
A Desert Bet Worth Billions
On the storage side, the Abu Dhabi project represents a major leap. State-owned utility Masdar has awarded BYD Energy Storage the contract to supply 11.275 GWh of battery capacity for the “Round the Clock” solar-and-storage complex, developed alongside water and electricity authority EWEC. The site will combine a 5.2-GW solar farm with a 19-GWh battery system, making it the world’s largest hybrid renewable-power plant. BYD will deliver its latest Haohan system for a single storage station with 1,644 MW of power, using the company’s Blade Battery cells rated at 2,710 ampere-hours. The larger cell format reportedly reduces battery-management complexity by 70 to 80 percent, allowing a single 20?foot shipping container to hold 10 MWh of capacity. The entire system is hardened for desert conditions, operating reliably between minus 30 and plus 55 degrees Celsius with an IP66 protection rating.
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BYD is not new to the Gulf’s storage boom. It previously won a 12.5-GWh contract for a grid-scale project in Saudi Arabia. Alongside rival Sungrow, which secured an initial 7.5 GWh for the first phase of the Abu Dhabi project, Chinese suppliers have pushed every Western competitor out of the 19-GWh venture. The Middle East is emerging as a core growth region for BYD’s energy business, which now operates in more than 110 countries.
Beyond the Gulf, BYD recently signed an agreement with Greenvolt Power to build Poland’s largest storage facility — a 600-MW, 2.4-GWh project in Siedlce. A month earlier, Hungary’s biggest battery-storage site, also developed with Greenvolt, came online using BYD’s technology.
Record Exports Offset a Weak Home Market
The push into energy storage comes as BYD’s automotive division continues to set export records. In June, deliveries of new-energy vehicles rose 5.46 percent year on year to 403,472 units — the second consecutive monthly increase. Overseas sales surged to an all-time high of 175,349 vehicles, up 94.73 percent from a year earlier, and accounted for more than 43 percent of the month’s total. That export strength is helping offset an aggressive price war inside China that has squeezed margins across the domestic auto industry.
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Stock Recovers From Its Low but Remains Under Pressure
BYD’s shares listed in Frankfurt closed at €9.58 on Friday, gaining just over 3 percent on the day. That leaves the stock still down roughly 12.6 percent year to date and nearly 27 percent lower over the past 12 months. It remains more than a third below the record high of €14.80 touched in July 2025. Still, the price has recovered about 19 percent from the 52?week low of €8.03 set at the end of June. Technically, the shares sit just below the 50?day moving average of €9.76 and well under the 200?day average of €10.70. The relative strength index of 55.8 suggests neutral momentum, while annualised volatility of 41.67 percent points to the potential for sharp swings in either direction.
The next major catalyst will be July delivery figures, typically published in early August, which should show whether the export surge can be sustained. On the chart, a clean break above the 50?day average could open the path towards the 100?day line at €10.48, while renewed weakness would refocus attention on the year’s low of €8.03 — and on whether BYD can keep its twin engines of storage and overseas vehicle sales running strong enough to overcome the drag from a brutal domestic market.
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