External demand supports BYD amid China slowdown

BYD, the Chinese company, announced a significant increase in its global sales during July 2026, reaching 419,211 vehicles, up 21.8% annually. This growth was driven by strong demand in overseas markets, with shipments soaring by 124.3% to 179,841 units, reflecting the company's ongoing international expansion. The company stated that its goal is to sell 1.5 million vehicles outside China in 2026, relying on local manufacturing in Europe and Indonesia. It also emphasized its intention to focus on technology and innovation rather than engaging in a price war.

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