(March 16): BYD Co shares surged Monday, leading Chinese electric-vehicle stocks higher, with investor sentiment boosted by signs of an improving overseas sales outlook. The Chinese EV leader’s Hong Kong-listed stock jumped 7.8%, the most in 13 months. “This is positive for the broader BYD thesis, which is that overseas sales will become the core growth and profit driver over time,” he said. Overseas sales are playing an increasingly important role for the Shenzhen-based automaker, which has been losing ground in its home market as local competition gets tougher. Chinese battery makers also climbed on Monday, with sector leader Contemporary Amperex Technology Co Ltd’s Hong Kong-listed shares up 7.9%.

Source: The Edge Markets March 16, 2026 09:19 UTC