BYD sales rise for second month, buoyed by exports

Chinese electric vehicle manufacturer BYD has logged its second consecutive month of global sales growth in June 2026, driven significantly by a surge in exports. This positive trend offers a much-needed boost after an eight-month period of declining sales.

According to Reuters calculations based on a stock filing, BYD's total vehicle sales reached 403,472 units last month, representing a 5.5% increase compared to June 2025. This follows a modest 0.3% rise in May, which had broken a prolonged losing streak.

Despite the upward momentum, BYD's performance in June was notably outpaced by its rival Leapmotor. Leapmotor, known for its rapid expansion, posted an impressive 95% year-on-year increase in sales for June, reaching 93,376 electrified vehicles. This highlights the competitive landscape within the electric vehicle market, both domestically in China and internationally.

The company's reliance on exports to offset sluggish domestic demand underscores the challenges and opportunities present in different global markets. As BYD continues to navigate these dynamics, its ability to sustain export growth will be crucial for its overall sales trajectory.