BYD announced its sales figures for May on June 1, delivering 383,453 new energy vehicles during the month. This represents a slight year-on-year increase of about 0.26%, ending a streak of 8 to 9 consecutive months of year-on-year declines and marking the first positive annual growth since 2026. Overseas deliveries reached 160,644 units, surpassing the 160,000 mark for the first time, surging approximately 80% year-on-year and rising about 19% from the previous record of 135,098 units in April — a key highlight for the month. By vehicle type, pure electric vehicle deliveries stood at 198,674 units (up 27% from April), while plug-in hybrid deliveries totaled 178,316 units (up 14% from April). Overall month-on-month growth was approximately 19.4%, a notable rebound from April’s 321,123 units. BYD CEO Wang Chuanfu has previously stated publicly that orders for new models have exceeded production capacity, with backlogs for some models exceeding 100,000 units.
The strong rebound in overseas sales is directly linked to the continued rise in international oil prices, which are accelerating the global shift toward electric vehicles. BYD’s full-year overseas sales target for this year is about 1.3 million units (up more than 25% from 2025). Over the first five months, cumulative overseas deliveries have reached 616,263 units. The company’s fleet of 20 dedicated roll-on/roll-off carriers, with a combined annual capacity of over 1 million vehicles, supports its expanding exports. In the UK, BYD’s year-to-date market share has surpassed both Tesla and major European automakers. In contrast to exports, the domestic market remains weak, with cumulative sales from January to May down about 20% year-on-year, and competitive pressure in the Chinese market persists. BYD’s profits took a significant hit in the first quarter, and the rebound in May’s overseas performance may help ease concerns about its full-year growth outlook.