BYD targets 1.3 million overseas EV deliveries in 2026

Chinese EV manufacturer BYD aims for a 24% increase in overseas deliveries in 2026, targeting 1.3 million cars outside mainland China.

The Shenzhen-based company plans to double its European showrooms to 2,000, and establish a local supply chain for European production.

BYD also operates factories in Thailand and Brazil to support rising demand.

Industry analysts project that Chinese carmakers will focus more on exports, amid industry overcapacity and shifting government incentives.

In 2025, BYD’s overseas sales accounted for about 23% of total deliveries.

Experts expect Chinese EV exports to continue growing.

🧠 Food for thought

Implications, context, and why it matters.

BYD’s European growth target faces significant EU tariff hurdles

A 24% overseas growth target is being shaped by EU tariffs as more showrooms are opened in Europe and production is started at its Hungary plant.
A 17.0% countervailing duty rate for BYD is listed and should be verified 1.
That rate is added to the EU’s standard 10% import duty on vehicles, so a pricing squeeze is created 1.
It should be confirmed whether vehicles built at the new Hungary factory will be exempt from these duties, since BYD’s pricing approach and profit margins will be affected.

BYD’s European factory opens a window for local suppliers

European technology suppliers, logistics providers, and IT vendors could get new work if BYD follows through on a “complete local supply chain” as overseas output ramps up.
With the Hungarian factory set to start production soon and expected to begin by year end, BYD is seeking local partners 2.
BYD is certifying 150 Hungarian and European suppliers and picked QP Zrt. as its first local partner to supply equipment plus assembly tools 2, 3.
This creates a short opening for firms in factory automation, transport operations, or IT systems to contact BYD’s procurement teams and aim for vendor approval for the Szeged plant.