BYD Stock Sinks to New Low as Pentagon Blacklist and Turkey Setback Overshadow Sales Uptick
13.06.2026 - 13:05:10 | boerse-global.de
BYD investors endured a punishing week as the Chinese electric-vehicle giant’s shares touched 9.25 euros on Thursday — a fresh 52-week trough — before clawing back to 9.49 euros by Friday’s close. The modest 0.48% daily gain did little to erase a weekly loss of roughly 3.5%, leaving the stock down more than 13% since the start of 2026 and nearly 38% below its 52-week peak of 15.28 euros.
The sell-off was fueled by two geopolitical jolts. The Pentagon added BYD to its Section 1260H list of companies deemed linked to China’s military, a classification that bans direct US defense contracts from June 30 and extends to indirect procurement a year later. Beijing swiftly condemned the move as an abuse of national security grounds and threatened retaliation, while BYD said it is exploring legal options.
Separately, BYD vice-president Stella Li confirmed that the company’s planned multibillion-dollar plant in Manisa, Turkey, has been shelved indefinitely. No new timeline was given for the project, which had been seen as a bridgehead into European markets without the tariff burden applied to Chinese-made EVs.
Li instead designated BYD’s factory in Szeged, Hungary as the “number-one priority” for European expansion. Vehicle assembly there is slated to begin in the fourth quarter of 2026, a crucial step toward building a production footprint inside the EU and sidestepping trade barriers.
Should investors sell immediately? Or is it worth buying BYD?
On the operational front, the news was more encouraging. BYD delivered roughly 383,000 electric and hybrid vehicles in May 2026 — the first year-on-year monthly increase in nine months. That figure chimes with the company’s ambition to overtake Toyota as the world’s largest automaker by 2030, a goal that will require closing a wide gap: BYD sold 4.8 million vehicles last year against Toyota’s 11.3 million.
To bridge that chasm, management is betting on a three-pronged strategy: the second-generation Blade battery, a rollout of 1,500-kW ultra-fast chargers (with 3,000 stations planned in Europe by end-2027), and the Hungarian production hub. Complementing the auto push, BYD just switched on Hungary’s largest battery storage facility, a 289-megawatt-hour unit designed to stabilise the local grid — underscoring the company’s broader energy-infrastructure play.
Technically, the stock remains in bearish territory. The relative strength index stands at 33.7, just above the classic oversold threshold of 30, while the share price trades roughly 13% beneath its 200-day moving average of 10.99 euros. The 50-day line has also been lost, and the downtrend on a monthly basis amounts to about 14%.
BYD at a turning point? This analysis reveals what investors need to know now.
Washington’s blacklist is unlikely to hit BYD’s US vehicle sales directly — the company sells almost no cars there. But market observers warn that such designations can sour sentiment among institutional investors, many of whom have environmental, social and governance mandates that steer clear of military-linked names. With the Pentagon ban effective June 30, the calendar offers the next hard catalyst. Should the stock fail to hold support at its current yearly low, another leg lower could follow.
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BYD Stock: New Analysis - 13 June
Fresh BYD information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
