BYD COMPANY (01211.HK) delivered 557,100 EVs in 2Q26, Bloomberg reported. Although the figure subsided YoY, it may still be enough to topple Tesla, Inc. (TSLA.US), as Tesla is expected to report quarterly sales of about 396,500 vehicles next week.
BYD COMPANY first surpassed Tesla in sales in 4Q24 and maintained a noticeable lead last year. However, Tesla regained the lead in 1Q26, with sales exceeding BYD COMPANY by about 48,000 vehicles, as feeble demand in the China market weighed on BYD COMPANY's domestic sales.
As China's automobile market remains mired in an intense price war, BYD COMPANY is focusing on technology upgrades while aggressively expanding into overseas markets. About 43% of its second-quarter sales stemmed from overseas markets.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| BYD (C) |
29980 |
98.7 (-) |
0.055 |
4.9 X |
| BYD (Bull) |
61247 |
68.6 (70) |
0.104 |
7.5 X |
| BYD (Bull) |
64256 |
66.1 (67.5) |
0.133 |
5.9 X |
| BYD (Bear) |
61743 |
87.4 (86) |
0.081 |
9.6 X |
| BYD (Bear) |
64140 |
83.4 (82) |
0.048 |
16.3 X |
| TSLA (C) |
11134 |
490 (-) |
0.390 |
6.2 X |
| TSLA (P) |
11135 |
330 (-) |
0.360 |
3.6 X |