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BYD’s January NEV Sales Drop 30% Year-on-Year as Exports and Battery Deployments Hold Firm

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BYD’s January NEV Sales Drop 30% Year-on-Year as Exports and Battery Deployments Hold Firm

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BYD Co ( (HK:1211) ) just unveiled an update.

BYD reported that its total new energy vehicle production and sales for January 2026 fell sharply year-on-year, with production down 29.13% to 232,358 units and sales down 30.11% to 210,051 units compared with January 2025. The decline was driven mainly by weaker passenger vehicle volumes, particularly battery electric and plug-in hybrid models, while commercial NEV volumes, including buses and other commercial vehicles, posted modest year-on-year growth. Despite the overall slowdown, BYD’s export performance remained robust, with 100,482 NEVs shipped overseas in the month, and the company installed about 20.187 GWh of NEV power battery and energy storage battery capacity in January 2026, underscoring its continued scale in batteries and international expansion even as domestic sales softened.

The most recent analyst rating on (HK:1211) stock is a Hold with a HK$109.00 price target. To see the full list of analyst forecasts on BYD Co stock, see the HK:1211 Stock Forecast page.

More about BYD Co

BYD Company Limited is a Chinese joint stock company listed in Hong Kong that operates in the new energy vehicle (NEV) sector, producing passenger and commercial vehicles, including battery electric and plug-in hybrid models, as well as power batteries and energy storage systems. The company is a major player in the global NEV market, with a growing export footprint and a focus on electrified transportation solutions.

YTD Price Performance: 2.52%

Average Trading Volume: 21,848,047

Technical Sentiment Signal: Buy

Current Market Cap: HK$906.6B

For an in-depth examination of 1211 stock, go to TipRanks’ Overview page.

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