BYD gets positive assessment from China’s largest investment bank

BYD got a positive assessment in the latest report from China’s largest investment bank, CITIC Securities. It is confident in BYD’s long-term growth momentum, overseas market expansion, and technological innovation.

CITIC Securities’ analysis showed that BYD reiterated its goal of exporting 1.6 million vehicles overseas by 2026, Cls reported. In 2025, BYD sold 1,046,083 cars in foreign markets. So, the Shenzhen-based company aims to boost overseas sales by 52.4%.

BYD’s models with the second-gen Blade Batteries and flash charging technology will turn into another driver of the company’s sales, CITIC Securities reported. Their monthly sales will increase to 20,000 – 30,000 units, which is projected to account for 30% of BYD’s annual sales.

According to China EV DataTracker, BYD handed over 9,916 units of the Song Ultra SUV domestically in May 2026. The deliveries of the Fang Cheng Bao Ti3 reached 6,086 units. Denza delivered 5,842 units of the Z9 GT wagon. All of the mentioned models support flash charging technology. Previously, BYD started deploying flash chargers in Europe.

According to CITIC Securities, BYD holds a leading position in the industry in the development of L3/L4 level assisted driving technology. Analytics made a conclusion that the development of such solutions will potentially allow BYD to stand out in the EV market. However, we would like to highlight that a lot of other companies also develop their L3/L4-ready ADAS solutions, including Geely (G-ASD), Chery (Falcon Pilot), and Huawei (ADS). So, BYD’s leadership in this area isn’t obvious.

China’s largest investment bank highlighted that BYD’s manufacturing facilities in Indonesia and Hungary will begin production this year. This step could potentially reduce the company’s operating costs and lead to higher profit margins. CTITC Securities said that short-term delivery pressures won’t affect BYD in the long term as the automaker bets on new tech.

China EV DataTracker shows that BYD sold 376,990 units globally in May 2026. It is the first time the automaker has stopped falling Year-Over-Year since September 2025.