China's BYD aims to sell up to 1.6 million vehicles abroad in 2026, Citi says [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
on overseas expansions with high double-digit growth from 2025, ?Citi said in a report on Tuesday. Overseas sales guidance of 1.5-1.6 million vehicles is ?up from an expected 900,000 to 1 million vehicles sold outside China in 2025, "with growth driven by new model launches," the Citi note said, citing a meeting with BYD management on Tuesday. BYD's "overseas sales mix ?is balanced across different regions,? with Europe, North America and ASEAN accounting for one-third of total 2025 overseas sales respectively," according to Citi.? BYD management also expects a decline in capital expenditure in the fourth quarter from the previous quarter, followed by a significant decline in 2026, "considering vehicle and battery production ?capacity should be able to meet demand," the report said. BYD ?didn't immediately respond to a request for comment. Citi didn't mention an overall BYD sales target for 2026. The automaker reduced the 2025 target by 16% to 4.6 million vehicles after its
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