BYD Company stock fell 2.25 percent as exports surged in September

Published on 10/04/2026 at 17:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BYD Company stock was last at HKD 73.90 on October 2, 2026, after September NEV sales rose 16.98 percent year over year. Q2 net profit reached CNY 8.2 billion.

Kubische Glasfabrik mit großen Hallentoren, klare Linien, Stahlgrau-Fassade — BYD Company Ltd (CNE100000296) – kubische Glas-Stahl-Fabrikfassade mit großen Hallentoren in klarer Architekturphotographie, Illustration mit AI erstellt.

BYD Company stock fell 2.25 percent to HKD 73.90 on October 2, 2026, at 4:08 p.m. HKT, while September deliveries reached a 2026 high. The sales mix shows the central tension for BYD: exports are accelerating, but domestic demand remains under pressure.

Exports drive September sales

According to CnEVPost on October 1, 2026, BYD sold 463,561 new energy vehicles in September, up 16.98 percent from the same month a year earlier and 5.28 percent from August. The result extended the company's year-over-year growth streak to five months and its sequential growth streak to seven months.

The geographic split is more important than the headline total. Overseas NEV sales reached 180,700 units in September, up 153.59 percent year over year, while domestic sales totaled 282,861 units, down 12.97 percent, according to CnEVPost.

Profit growth adds support

BYD's second-quarter net profit was CNY 8.2 billion, up 30 percent year over year, while first-half gross margin reached 18.85 percent versus 18.01 percent a year earlier, Yahoo Finance reported on October 1, 2026. That combination gives the overseas expansion a financial dimension: BYD is not only adding volume abroad, but also reporting a wider first-half margin.

The counterweight is the nine-month total. BYD sold 3,131,576 vehicles from January through September, down 3.94 percent year over year, even as overseas sales rose 92.66 percent to 1,342,960 units, according to CnEVPost.

Analysts see upside beyond HKD 73.90

MarketScreener lists a Buy consensus from 28 analysts, with an average target of CNY 107.44, a high target of CNY 128.67 and a low target of CNY 81.49. Those targets are quoted in CNY, while the Hong Kong reference price is in HKD, so the figures are not directly comparable without a currency conversion.

For investors, the operating picture therefore depends on whether overseas growth can offset the domestic decline. September's 180,700 overseas vehicles represented 38.98 percent of total NEV sales, while battery-electric passenger sales reached a record 273,143 units, according to CnEVPost.

Stock remains below its yearly high

BYD Company stock was last at HKD 73.90 on October 2, 2026, on the Hong Kong Stock Exchange, down HKD 1.70 from the prior session. The price sits within a 52-week range of HKD 71.40 to HKD 113.40, leaving the market focused on the pace of international growth and the durability of domestic demand.