BYD (1211) is "highly confident" of reaching its 2026 overseas sales target of 1.5 million vehicles or even higher, the ​company told analysts during its post-earnings call on Monday. BYD said in January that its export target for ​this year would be 1.3 million vehicles, down from ⁠as much as 1.6 million units its management told Citi in ​November. Overseas sales as a share of the total more than doubled ​to 22.7 percent last year and more than doubled again to 50 percent in January-February. BYD on Friday reported a bigger-than-expected profit drop for 2025, as price wars at ​home hurt its profits, heading into another tough year due ​to intensifying competition and softer domestic demand. BYD said it did ​not want to compete through price wars and ​instead aimed ⁠to focus on technology and innovation with continuous R&D spending, the two sources said.

Source: The Standard March 30, 2026 15:41 UTC