BYD Shares Jump After Record Exports and Q2 EV Crown, but Blade Battery Rollout Will Decide if Rally Has Legs
02.07.2026 - 11:54:25 | boerse-global.de
BYD’s stock staged a sharp recovery this week, climbing 3.1% to €8.87 on Thursday after a smaller 2.1% bounce the previous session. The twin gains have lifted the Chinese automaker 10.4% above the 52-week low of €8.03 touched at the end of June, and come on the back of a standout set of monthly figures. June sales hit 403,472 vehicles, up 5.5% year-on-year, with the real fireworks coming from overseas: a record 175,349 units shipped abroad, a 94.7% surge that pushed exports to 43.5% of total monthly volume.
The strength of international demand also handed BYD a clear lead in the pure-electric segment for the second quarter. Bloomberg estimates put the company’s BEV deliveries at 557,090 between April and June, versus Tesla’s expected 396,500. If confirmed, it would mark a decisive return to the top of the global BEV sales table for the Shenzhen-based giant. Yet the headline optimism masks a persistent weakness at home: Chinese sales slumped 22% in June, and the first-half tally of 1.81 million vehicles represents a 15.7% year-on-year decline.
That domestic drag is the reason the stock remains deep in the red on virtually every meaningful timeframe — down 32.8% over twelve months and 16% on a 30-day basis. The rebound from the low has cut some of those losses but has not altered the technical picture. The shares still trade 11-12% below the 50-day moving average of €9.99 and even further beneath the 100-day (€10.54) and 200-day (€10.77) averages. The relative strength index sits at 40.4, neutral territory, while 30-day annualised volatility of 31.5% suggests the market is pricing a wide range of outcomes.
Should investors sell immediately? Or is it worth buying BYD?
What could tip the scales is not just volume growth but the margin story. BYD’s second-generation Blade Battery and Flash Charging technology — unveiled in March — are being rolled out across more models, and chairman Wang Chuanfu has called the battery’s ramp-up a critical bottleneck for the year. The bet is that faster charging and improved cold-weather performance can persuade combustion-engine holdouts to switch, allowing BYD to lift prices in China without reigniting the brutal discounting that has squeezed margins. Early signs are mixed: the company has raised prices in India by up to 2% from July 1, citing currency effects and rising input costs, but domestic buyers in lower segments have so far resisted pricier models, according to a Reuters-cited analyst.
The European front offers another lever. BYD is reportedly close to deciding on a second production site on the continent to complement its Hungarian plant, a move that would reduce exposure to EU import tariffs and improve per-unit profitability. The strategy dovetails with the export push — selling in higher-margin markets while absorbing the home-market price war through scale and technology differentiation.
For now, the €9.99 level is the immediate reference point. A clean break above the 50-day average, accompanied by evidence that the Blade Battery rollout is translating into real demand without fresh price cuts, would lend credence to the bull case. Conversely, a reversal back towards €8.03 would confirm that the rally was merely a technical reprieve, and that investors remain unconvinced BYD can solve the fundamental equation: defending market share and margins in a cutthroat home market.
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