BYD Signals It's Confident Exports Will Beat 2026 Target By 15% [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
the matter, as the world's biggest electric vehicle maker leans on growth in overseas markets to counter a slump in domestic sales. In an analyst briefing Monday following worse-than-expected fourth-quarter earnings, BYD management told participants that the automaker is confident exports will reach 1.5 million vehicles in 2026, said the people, who asked not to be identified because the forecast isn't public. That's up from the 1.3 million target the Shenzhen-based carmaker disclosed in January. A representative for BYD didn't immediately respond to a request for comment. BYD's optimistic export outlook follows disappointing results, including the company's first annual drop in profit in four years even as it toppled Tesla Inc. as the world's top-selling EV maker. Overseas sales have been one of the few bright spots recently for BYD — they topped 1 million last year — as domestic sales stall. That's piling pressure on its overseas ambitions to bear fruit. Citigroup Inc. estim
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