BYD Unveils Yangwang Altior in Abu Dhabi as BlackRock Trims Stake and Q3 Profit Trails Forecasts
Published on 11/12/2026 at 05:41 | Editorial boerse-global.de
BYD put its Yangwang Altior on display in Abu Dhabi on Saturday, extending a Gulf push that had already produced a headline-grabbing number earlier in the month: a 500 km/h run by the Yangwang U9 Xtreme on November 6, which the company billed as a world speed record.
The unveiling came during a busy stretch for China's largest electrified-vehicle maker, which has combined product launches and production milestones with a mixed third-quarter earnings report and a modest reduction in BlackRock's holding.
Order books open for Tai 9
Reservations for the Tai 9, a model from BYD's Fang Cheng Bao brand, opened on Monday. The same vehicle doubled as the company's 19-millionth electrified model to roll off a production line, built at its Xi'an plant. BYD said the SUV will use the second generation of its Blade Battery along with fast-charging technology.
On the home front, BYD launched the second generation of the Seal 07 in China on November 5, a line-up that includes the Seal 07 DM-i.
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October sales and overseas surge
Deliveries of electrified vehicles reached roughly 490,000 units in October, BYD reported on November 1 — a gain of 10.97% from a year earlier. Overseas volume accounted for about 170,000 of that total, more than doubling with a 103% year-on-year jump.
Q3: revenue up, profit growth short of estimates
For the third quarter of 2026, BYD posted revenue of 221 billion RMB on October 29, up 13.59% year on year. Net profit advanced 28.08% to 10 billion RMB. Reuters reported that the profit growth fell short of analyst expectations amid intensifying competition.
BlackRock pares its position
BlackRock disclosed an off-exchange sale of 8.12 million BYD shares on November 3, cutting its reported long position to 6.95% from 7.17%. BYD shares were down 1.5% on the day, with the stock also softening in Hong Kong trading, where electric-vehicle makers came under broad pressure.
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Separately, BYD closed a strategic partnership with vivo on October 30 covering smartphone-to-vehicle integration and joint work on cross-device artificial intelligence.
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