In June, Chinese EV maker BYD (BYDDF) delivered 382,585 vehicles globally, which was the highest number so far this year. This total was a 10.5% increase compared to June 2024. Interestingly, most of these, 377,628 units, were passenger vehicles. Among them, 206,884 were battery electric vehicles (BEVs), while 170,744 were plug-in hybrid electric vehicles (PHEVs). It is worth noting that this was the third consecutive month where BEV sales were higher than PHEV sales, and the second month in a row where BYD delivered over 200,000 BEVs.
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At the same time, BYD continued to expand internationally. Indeed, in June, it exported 90,049 vehicles, which was more than three times the number exported in June 2024. This also marked the seventh straight month of record-setting exports and shows just how quickly BYD is growing its presence in overseas markets.
When looking at the bigger picture, BYD sold over 2.1 million passenger cars in the first half of 2025, which is a 31.5% increase compared to the same period last year. Its commercial vehicle business also performed well, as sales of buses and other commercial vehicles grew by an impressive 459% year-over-year during the first half. This is a stark contrast to what has been happening with Tesla (TSLA), as European sales have continued to decline due to Musk’s involvement with the Trump administration, as well as his endorsement of the German political party AfD.
Is BYDDF a Good Stock to Buy Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BYDDF stock based on 10 Buys assigned in the past three months, as indicated by the graphic below. Furthermore, the average BYDDF price target of $22.89 per share implies 44.8% upside potential.
