Chinese EV giant BYD (BYDDF) (HK:1211) has announced a recall of 88,981 plug-in hybrid vehicles in China due to battery safety concerns. The recall affects Qin PLUS DM-i models made between January 2021 and September 2023, according to China’s State Administration for Market Regulation.
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Regulators found that some vehicles may experience limited power output due to inconsistencies in battery pack production. Moreover, in extreme cases, it could prevent the cars from running in pure electric mode.
BYD said the recall was initiated following a defect investigation and will involve immediate corrective measures. The Qin PLUS DM‑i is one of BYD’s most popular hybrid sedans, which makes this recall significant for the company.
This is not BYD’s first large-scale recall in recent months. In October 2025, the company recalled 115,783 Tang and Yuan Pro EVs over similar battery-related concerns. These back-to-back recalls risk hurting consumer confidence, especially as rivals focus on reliability and innovation.
Rising Competition in China’s EV Market
China’s EV sector is becoming increasingly crowded. Tesla (TSLA), NIO (NIO), XPeng (XPEV), and Li Auto (LI) are all competing aggressively, while traditional automakers are ramping up their hybrid and EV offerings.
BYD’s dominance in plug‑in hybrids has given it a strong foothold, but competitors are pushing hard in pure battery EVs and AI‑driven smart features. Tesla continues to leverage its global brand strength, while NIO and XPeng are focusing on premium designs and autonomous driving technology.
At the same time, government incentives and stricter safety rules are pushing all automakers to meet higher standards.
Is BYDDF a Good Stock to Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BYDDF stock based on 17 Buys, three Holds, and one Sell assigned in the past three months. At $17.31, the average BYD stock price target implies a 39.48% upside potential.
