From 16 Million to 17 Million in Under Three Months: BYD's Production Accelerates, but the Market Isn't Impressed
Published on 07/11/2026 at 02:54 | Redaktion boerse-global.de
BYD's assembly lines have been humming at a rate that puts the rest of the industry in the rearview mirror, yet the company's shares are struggling to shake off their year-long slump. The Chinese electric-vehicle giant recently notched its 17 millionth new energy vehicle (NEV) — a Seal 08 sedan — at its Xi'an plant, crossing the threshold from 16 million in less than three months. No other automaker has ever hit that mark.
The Seal 08, priced between 196,900 and 239,900 yuan, is equipped with the second-generation Blade battery and supports ultra-fast charging: enough range for daily driving in five minutes, with a full charge taking just nine minutes under ideal conditions. The pure-electric version boasts up to 905 kilometers of range on China's CLTC cycle and comes with BYD's "God's Eye" driver-assistance system. The model only hit the market on July 2, underscoring BYD's rapid product cadence.
The production milestone falls amid a sharp divergence between BYD's domestic and international sales. In June, the company sold 175,349 vehicles overseas — a 94.73 percent jump year-on-year — accounting for 43.46 percent of its total NEV sales that month. Chinese customs data pegged exports at 170,897 units, giving BYD a 34.2 percent share of the country's NEV export market and leaving Tesla China's 36,171 export vehicles far behind. Domestically, however, sales slid 22.02 percent to 228,123 units. The overseas surge cushioned the blow, pushing global June deliveries to 403,472 — a 5.46 percent annual increase and the second consecutive month of year-on-year growth.
Should investors sell immediately? Or is it worth buying BYD?
For the first half of 2026, BYD reported 1,808,511 vehicles sold worldwide. Overseas sales reached 792,256 units, up 70.65 percent from the same period last year, while customs figures put first-half exports at 789,367 (a 68 percent gain). The company's export momentum shows no signs of slowing, even as rivals like Chery and Geely expand their own cross-border operations.
To support its growing fleet, BYD is building out a dedicated charging network. The company aims to have 20,000 flash-charging stations across China by the end of 2026, with over 7,000 already operational in 325 cities. This infrastructure is designed to make the fast-charging capabilities of models like the Seal 08 a practical reality, closing what BYD sees as an essential link in its vehicle-battery-grid ecosystem.
At the bourse, the disconnect between operating performance and share price persists. On Friday, BYD's stock closed at €9.55, a daily gain of 3.23 percent. That followed a 3.04 percent jump to €9.53 on the day of the milestone announcement. Despite the bounce, the shares have lost 12.83 percent since the start of the year and are down 27.11 percent year-on-year. They remain 35.48 percent below the 52-week high of €14.80 reached in July 2025. However, they have recovered 18.90 percent from the recent low of €8.03 on June 30. The 50-day moving average sits at €9.75 and the 200-day average at €10.70 — both above the current price. The relative strength index of 55 suggests neutral momentum, and the market capitalization stands at €87.37 billion.
Chairman Wang Chuanfu remains focused on the long game, reiterating the goal of making BYD the world's largest automaker by production and sales by 2030. Beyond hardware, the company is pushing into autonomous driving: 3.15 million vehicles already on the road are equipped with intelligent driving features, providing a data pool to develop Level 3 and Level 4 systems. For now, BYD's factories keep churning out records, but the stock market is waiting for more than just volume.
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