BYD's Export Engine Keeps October Sales Climbing as BlackRock Offloads 11.54 Million Shares

BYD's overseas push is doing the heavy lifting. The Chinese automaker reported sales of roughly 490,000 new energy vehicles for October 2026, according to Reuters — its sixth consecutive month of volume growth, a streak powered by demand abroad while the home market sputters under fierce price competition.

Exports told the sharper story. Foreign shipments of passenger cars and pick-ups came in at nearly 170,000 units for the month, a jump of 102.8% year-on-year based on Reuters calculations from a company disclosure. Passenger vehicles accounted for the bulk of the total, with BYD putting their October sales at about 483,000. Cumulatively, January-through-October volume reached some 3.62 million vehicles.

The export surge stands in contrast to sluggish domestic demand, with overseas buyers offsetting the pressure at home.

A Production Milestone in Xi'an

The sales figures landed alongside a manufacturing landmark: BYD's 19-millionth New Energy Vehicle rolled off the line on Monday at its Xi'an plant. The anniversary vehicle was a Fang Cheng Bao Tai 9.

BlackRock Trims Its Long Position

Institutional ownership also shifted. A Hong Kong regulatory filing dated 5 November disclosed that BlackRock sold 11.54 million BYD shares off-exchange, reducing its disclosed long position from 7.24% to 6.92%.

Wheel Mix-Up Prompts Apology and Free Checks

Separately, BYD apologized after some electric Tang SUVs were fitted with front and rear wheels in the wrong positions. The company traced the assembly error to an incorrect code entry by a supplier, according to Reuters. Testing showed no effect on handling or driving safety, BYD said.

Affected owners will receive complimentary inspections and replacement wheels. BYD is also offering transport assistance and a restart of the warranty on the vehicles.

The stock slipped 1.8% on the day, extending a decline from the previous session when shares fell amid a broader pullback on the Hong Kong market. The prior day's close had left the stock at €7.96, down 1.7%.