BYD Profit Plunge of 55% Overshadows Record Exports and 137% Europe Surge, Stock Nears Low
29.06.2026 - 07:14:25 | boerse-global.de
BYD’s first-quarter net income collapsed by 55.4% to 4.1 billion yuan, the steepest decline since early 2026, as a relentless price war in China’s electric-vehicle market ate into margins. The slide in profitability has become the dominant concern for investors, even as the automaker notched operational records on multiple fronts.
European registrations of BYD vehicles jumped 137% in May to roughly 32,400 units, data from the region’s automotive associations show. That performance helped the company capture a 2.3% market share across the EU, EFTA and the UK during the first five months of the year, enough to edge past Tesla’s 2.0% share. In total, BYD delivered 135,307 vehicles in those markets through May, while Chinese brands collectively now account for nearly 11% of new-car registrations.
The broader EV market provided a tailwind, with battery-electric car registrations climbing almost 43% in May and reaching a share of more than 21% of all new passenger cars in the EU. Yet BYD’s domestic challenges remain acute. The company sold exactly 383,453 electrified vehicles in May, a meager 0.25% increase from a year earlier, even after it reclaimed the top spot in China’s auto market. Cumulative deliveries in the first five months totaled about 1.4 million units, roughly 20% below the same period in 2025.
The bright spot is overseas expansion. Export volumes soared to a record 160,644 units in May, up 80.4% year-over-year, providing a crucial buffer against weakening home-market demand. BYD is also building out infrastructure to support its global push: in the UK, the company plans to install 300 ultra-fast charging points under the “Flash” brand within nine months, with charging times expected to be significantly shorter than conventional fast chargers.
Should investors sell immediately? Or is it worth buying BYD?
None of this has arrested the stock’s slide. Shares closed Friday at €8.29, barely above the 52-week low of €8.08. The equity has dropped 24% since the start of the year and has shed 38% over the past twelve months, nearing the 40% mark by some measures. The relative strength index sits at 20.6, deep in oversold territory — a technical reading that Goldman Sachs, which maintains a buy recommendation, says is not yet enough to turn sentiment.
The distance to BYD’s 200-day moving average now exceeds 23%, underscoring how far the shares have deviated from their medium-term trend. Analysts say that without fundamental catalysts, chart signals alone are unlikely to attract buyers.
Investors will watch two sets of data this week for clues about near-term demand. On Tuesday, June 30, China releases its official NBS manufacturing PMI and the S&P Global PMI, both of which influence expectations for vehicle, battery and export-oriented production. The Hong Kong stock exchange will be closed on Wednesday, July 1, for the establishment day of the special administrative region, shortening the trading week for local participants.
BYD at a turning point? This analysis reveals what investors need to know now.
A constructive scenario, strategists argue, requires three elements to align: stable June delivery numbers, sustained export momentum and no negative surprises in the PMI readings. Should any of these falter, the technically oversold condition alone is unlikely to bring in fresh buyers. The June sales figures, due in early July, will determine whether May’s overseas records marked a genuine turnaround or were merely an outlier in a longer downtrend.
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BYD Stock: New Analysis - 29 June
Fresh BYD information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
