From January to June, BYD earned 44.228.000.000 €, but the majority of that money (52.57%) did not come from China.
06/09/2026 10:30
Updated to
06/09/2026 10:30
Manufacturer BYD has achieved an unprecedented economic milestone in its industrial history. During the first half of 2026, the Chinese company saw its revenue from overseas markets exceed that generated within its home country for the first time. This shift confirms the rapid international expansion of its plug-in and electric vehicles to more than 120 countries and regions across six continents.
The financial report for the first six months of the year shows the company’s total revenue at 344.800 billion yuan, which is equivalent to approximately 44.228 million euros after currency conversion. Of this revenue, international operations generated 181.270 billion yuan (around 23.250 million euros), representing a year-on-year increase of 33.92% and raising the overseas contribution to 52.57% of total revenue.
Record exports driven by electric propulsion systems
In the commercial and delivery sector, the company registered a total of 1.81 million new energy vehicles in the first half of the year. Of this overall figure, 790,000 units were sold outside China’s borders, representing a 68% increase compared to the previous year. This momentum has enabled the automotive and related components division to contribute 275.340 billion yuan (approximately 35.318 billion euros) to the group’s accounts.
The growth in overseas markets has enabled the brand to mitigate intense commercial pressure and price wars in China’s domestic market. It has expanded its product lineup into strategic regions such as Europe, Latin America, Asia-Pacific, the Middle East, and Africa, where demand for electric vehicles continues to rise. In Europe, its plug-in hybrids have performed particularly well. BYD already offers exclusive models in our market, such as the BYD Dolphin G DM-i.
Powerful engines in higher-end models and investment in Blade batteries
The momentum outside China has also been driven by the growth of its secondary divisions, such as Fangchengbao, Denza, and Yangwang. These brands collectively delivered 228,000 units, showing a 61% increase thanks to the continuous introduction of new architectures, mechanics, and models tailored for more technically demanding segments.
Expenditure on research and development remained at record levels, reaching 2.89 trillion yuan (approximately 370.7 million euros), surpassing net profits of 1.233 trillion yuan (around 158.2 million euros). This financial investment is primarily focused on improving the second-generation Blade Battery technology, developing electronic management modules, and integrating new powertrains to maintain the competitiveness of their platforms.
With cumulative investment in development already exceeding 270 billion yuan (about 34.633 billion euros), the manufacturer approaches the second half of the year by accelerating its transition from a local builder to a global manufacturer. However, this new geographic distribution will increase the brand’s exposure to fluctuations in foreign exchange rates and changes in demand in international markets.