BYD Monthly Overseas Sales Monitor March

BYD's overseas sales reached 120,083 units in March 2026, representing a 65.1% YoY increase. Performance was bolstered by strong results in Brazil, the UK, and Germany, despite a decline in Indonesia.

Key Takeaways

• 1.BYD achieved significant overseas sales growth in March 2026, recording 120,083 units, up 65.1% YoY and 19.4% MoM.
• 2.Brazil and the UK emerged as the largest overseas markets for BYD in March, contributing over 16,000 and 15,000 units respectively.
• 3.The first quarter (3M 2026) total overseas sales reached 321,165 units, a 55.8% increase year-on-year.

Table of Contents

• Company Update
• Valuation & Risks
• Appendix 1
• Important Disclosures
• Analyst Certification
• Historical recommendations and target price
• Equity rating dispersion and banking relationships
• Additional Information

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