Editor's Note: BYD sales achieved positive year-over-year growth for three consecutive months. The overall operation shows signs of recovery. Among them, the explosion in overseas markets has become the biggest highlight of BYD's development this year. However, at the same time, the situation where its domestic market sales declined by over 30% has not yet been reversed, and achieving comprehensive stability still faces multiple challenges.

Three Consecutive Sales Increases, Recovery Signals Emerge

On August 1, BYD released the latest production and sales data. July sales reached 419,000 units, a year-over-year increase of 21.8%, achieving positive year-over-year growth for the third consecutive month.

In May, BYD sales were 383,000 units, a slight year-over-year increase of only 0.2%. June sales were 403,000 units, with the year-over-year increase expanding to 5.4%, and July's year-over-year growth rate increased to 21.8%. The significant expansion of single-month increments shows that the strength of BYD's recovery has strengthened month by month. Before this three-month consecutive year-over-year growth trend appeared, BYD experienced continuous year-over-year deep decline. The industry growth leader fell into a continuous period of deceleration.

From September 2025 to April 2026, BYD experienced an 8-month cycle of consecutive year-over-year declines in overall vehicle sales. In January, February, March, and April this year, BYD's overall vehicle sales dropped significantly with two-digit figures for four consecutive months. Among them, January sales dropped 30.67% year-over-year, February's year-over-year drop widened to 36%, March year-over-year declined 30.13%, and April's year-over-year drop narrowed but still remained in the two-digit decline range at 26.17%.

The eight consecutive year-over-year declines for BYD were caused by the resonance of multiple factors: The expiration of new energy vehicle purchase tax incentives at the end of 2025 caused a large amount of car buying demand to be prepaid into the fourth quarter; Since 2026, the policy of halving the purchase tax was implemented, causing market purchasing power to contract in phases at the beginning of the year; At the same time, the competition in the domestic new energy market has fully upgraded, and competitor hybrid and pure electric new products were launched centrally, eroding BYD's market share, and overseas local production capacity has not been fully released.

With the market performance recovery starting in May, BYD officially bid farewell to the low-level market trend of continuous multiple-month year-over-year decline. The repair effect of cumulative sales for the year also appeared synchronously. Data shows that from January to July 2026, BYD's cumulative overall vehicle sales reached 2.22 million units, with the year-over-year decline narrowing to 10.5%. Compared to the significant decline of around 30% in the first quarter, the overall operating pressure has been significantly alleviated.

However, looking at the sales structure, the growth momentum of this round of BYD recovery is not balanced. Its overseas markets contributed the main increments. The performance in the domestic market has not yet walked out of the downward channel. The overall recovery shows a differentiated pattern of 'strong abroad, weak domestically'. The recovery in growth rate is largely due to the explosive growth of overseas businesses supporting it. The domestic basic floor has not yet returned to the positive growth track. The foundation of recovery still needs to be further solidified.

Overseas Supports Growth, Domestic Still Faces Pressure

The overseas market is the core engine for this round of BYD sales recovery. Official data shows that in July alone, BYD's overseas market contributed about 180,000 units of sales, a year-over-year increase of 125%. From January to July this year, BYD's cumulative export sales reached 970,000 units, a significant year-over-year increase of 76.1%. The proportion of overseas sales in total sales continued to increase, rising from 22% year-on-year at the same period last year to the current 43%.

According to the current progress, BYD's original overseas target of 1.6 million units has completed 64%. The remaining 5 months with a monthly average overseas sales of 126,000 units can achieve the target. Under this trend, BYD has already given a higher expectation than 1.6 million units. Previously, BYD Chairman Wang Chuanfu stated, 'The overseas sales target set for 2026 at the beginning of the year was 1.5 million units. Now it is expected that it will exceed this target.'

The high-speed growth of BYD's overseas business is the concentrated realization of its long-term global layout over the past two years. In recent years, BYD has accelerated the implementation of global production capacity, successively building whole vehicle manufacturing bases in many places such as Thailand, Brazil, Hungary, etc. Localized production not only avoids tariff barriers but also better fits the consumption demands and policy rules of local markets. On the product level, BYD has also laid out dual technology routes for pure electric and plug-in hybrid. Vehicle models cover entry-level commuting, home commuting to multiple levels of mid-to-high-end, which can adapt to consumption levels of different markets such as Southeast Asia, Latin America, and Europe.

However, what needs to be paid attention to is that, in sharp contrast to the high growth overseas, the weak state of the domestic market has not been fundamentally reversed. Apart from BYD's overseas sector, from January to July this year, BYD's domestic cumulative sales were about 1.25 million units, a year-over-year decline of 35.5%. July domestic sales were 239,000 units, a year-over-year decline of 9.4%. Although the decline narrowed compared to before, it has not yet returned to the positive growth track.

The pressure in the domestic market mainly stems from the continuous intensification of industry competition. Over the past two years, independent car companies have fully turned to new energy. New products in the hybrid and pure electric tracks were launched intensively. Price wars ran through the full price range of 100,000 to 300,000. BYD's previously established cost and cost-performance advantages based on vertical integration were gradually diluted. At the same time, the main models of the Dynasty series entered the middle-to-late stage of the product lifecycle, and product attractiveness decreased;

Including the slow implementation pace in the field of intelligence compared to leading competitors. The insufficient popularity of high-level intelligent driving also affected the brand's competitiveness in the mid-to-high-end market to a certain extent.

Stabilization Still Awaits Breakthrough on Domestic and International Lines

For BYD, although the high growth in the overseas market is able to support the overall sales volume, the domestic market, as the core basic floor of the brand, still needs stable market performance. Currently, the domestic new energy market has entered the stage of stock competition. For BYD to hold the share of the mainstream home market, it faces dual squeezing from new forces and traditional car companies, and operating pressure remains significant.

Facing the challenges in the domestic market, BYD has launched multi-dimensional adjustments to break through the situation.

On the product end, the main models of the Dynasty series will usher in replacement modifications one after another. Including products such as 'Tang, Han' have been launched into the market or are waiting to be launched, reactivating terminal attraction; On the intelligence level, BYD is accelerating the implementation and popularity of high-level intelligent driving systems, making up for intelligence shortcomings, and narrowing the experience gap with leading competitors. On the brand matrix side, relying on the three high-end brands of Denza, Fang Cheng Bao, and Yang Wang to continue to exert force, covering the 200,000 to 1 million level market, pulling up brand premium ability, and getting rid of the low-end price involution.

Overall, the positive signals in BYD's adjustment process are the year-over-year growth for the past three consecutive months, marking that BYD has passed the previous downward cycle, but it does not mean that BYD has comprehensively stabilized.

Especially the overseas market it currently relies on, growth is not without risks either. Trade protectionism is rising in many places globally. Tariff policies and localized access rules may change. Global traditional car companies are also accelerating electrification transformation. Competition between local brands and other multinational car companies will gradually intensify. Superimposed with uncertainty factors such as exchange rate fluctuations, whether BYD's high growth rate in overseas sales can be maintained long-term still has many uncertainties.

This actually means that for BYD's true stabilization and recovery, it is inseparable from substantial recovery in the domestic sector as support. Subsequently, with the implementation of new product iterations and intelligent upgrades, whether BYD can re-activate domestic terminal demand and finally achieve balanced development of domestic and foreign markets will be the core indicator to observe whether BYD can continue to lead the market in the future after standing on the height of scale.

The 2026 Fortune Global 500 list was released. BYD appeared on the list for the 5th consecutive year, ranking 91st, and firmly secured its place in the global top 100. In 2025, the company's revenue was 804 billion yuan, net profit was 32.6 billion yuan, and new energy vehicle sales reached 4.6 million vehicles, consecutively winning the sales champion title in the global and Chinese markets; cumulative sales in the first half of 2026 exceeded 1.8 million vehicles, and July welcomed the rollout of the 17 millionth new energy vehicle, becoming the first automaker to reach this milestone.

Adhering to "Technology is King, Innovation is Foundation" is BYD's core competitiveness. R&D investment in 2025 was 63.4 billion yuan, ranking first among A-share listed companies for two consecutive years, with cumulative R&D investment exceeding 250 billion yuan. In March this year, the second-generation Blade Battery and Flash Charge technology were released. By the end of the year, plans are to build 20,000 domestic Flash Charge stations and deploy 6,000 overseas Flash Charge stations; in May, the Laser-assisted version of "God's Eye B" auxiliary driving, compatible with the entire series, was launched, ushering in an era of city navigation for everyone.

In terms of global layout, BYD has established a pattern of "leading in Latin America, breaking through in Europe, and blooming in multiple points across Asia-Pacific", with business covering 121 countries and regions. Overseas sales exceeded 1 million vehicles in 2025, and over 780,000 in the first half of 2026. This year marks the inauguration of Brazil SkyRail and the second anniversary of the Thailand factory's production, entering a new stage of high-quality globalization. At the same time, BYD's practices in carbon emission reduction, education and charity, and other fields also demonstrate the enterprise's social responsibility commitment.#Global Benchmark Enterprise for New Energy Vehicles#

【Auto Market Expert】BYD sold 419,211 units in July, a year-on-year increase of 21.76%. Cumulative sales from January to July reached 2,227,722 units.

Total volume hit a new high again. Structural changes are more noteworthy than total volume: Overseas markets are becoming the largest growth engine, while the domestic market is shifting from rapid expansion to refined cultivation.

Breakdown of Four Brands

Dynasty + Ocean: 350,178 units. Absolute mainstay, accounting for over 80%. Qin, Song, Dolphin, Seagull have secured a solid share in the 100,000-200,000 RMB range. With a massive base, the growth rate naturally slowed—this is a stage any major product goes through after maturation. More importantly, the foundation remains solid, and competitive barriers stay firm.

Fang Cheng Bao: 41,213 units, a year-on-year increase of 190.6%, and a month-on-month increase of 15.7%. Fastest growth rate within BYD. Leopard 5 and Leopard 8 Super Fast Charging versions established themselves in the 300,000-500,000 RMB range, indicating that premiumization is not about stacking specs to compete on price, but about product strength. What does monthly sales of 40,000+ mean in the market above 300,000? NIO's main brand monthly sales are about 10,000, Li Auto about 30,000—Fang Cheng Bao achieved the combined volume of both with just one brand.

Denza: 19,196 units, a year-on-year increase of 68.8%. D9 firmly holds the top spot in MPV sales, Z9GT contributes steadily in the coupe market. Z9S started pre-sales today; after adding the sedan line, the product matrix is more complete.

Yangwang: 485 units. Nearly 500 units sold monthly at the million-level price point, comparable to Mercedes-Benz S-Class, BMW 7 Series. Yangwang is not about volume; it is a technology flagship, endorsing brand upward movement.

Overseas: 180,000 units, growth rate 124%

Overseas sales in July reached 179,841 units, a year-on-year increase of 124.3%. Cumulative overseas sales from January to July were 969,208 units; the full year is likely to exceed 1.5 million units.

It's not just numbers rising; the model is upgrading too. The Thailand factory with an annual capacity of 150,000 units is already in production, the Brazil factory is under construction, and the Uzbekistan factory is operational—from exporting complete vehicles to local manufacturing, this step determines whether overseas growth can continue. In overseas markets, BYD is not just selling cars; it is building factories, channels, and brand awareness.

Global car sales in July were about 7 million units, with BYD accounting for around 6%. There is huge room for improvement overseas—not a one or two-year matter, but a ten to twenty-year growth track.

Domestic: From Conquering Territory to Refined Cultivation

July domestic sales were about 240,000 units. Behind this number is the new normal for the domestic new energy vehicle market—penetration rate has exceeded 60%, the high-growth dividend period is transitioning to a stock competition period.

For BYD, this is not a challenge, but an industry rule. The market share in the 100,000-200,000 RMB range is already high, and marginal expansion space naturally narrows. The domestic strategy is also adjusting: not pursuing further significant share increases, but securing the foundation through new products (Qin MAX, Seal 08) and new technologies (Second-generation Blade Battery, Super Fast Charging), while allocating more resources to overseas markets and premiumization.

Simply put: domestically shifting from grabbing territory to holding ground, overseas shifting from testing waters to aggressive offense.

What Stage is BYD in Now

Three stages are becoming clearer.

Stage 1 "Domestic Competition King" (2021-2023): Blade Battery and DM-i swept the 100,000-200,000 RMB market. Stage 2 "Brand Upward" (2024-2025): Denza, Fang Cheng Bao, Yangwang targeting the premium sector, basically completed. Stage 3 "Global Expansion" (2026-Present): Overseas share rises rapidly, moving from "Chinese BYD" to "World BYD".

Fang Cheng Bao monthly sales broke 40,000, overseas monthly sales approached 180,000—these numbers were unthinkable a year ago. Stage 2 is concluding, Stage 3 is accelerating.

Next highlight: When will overseas monthly sales exceed domestic? With the current growth rate difference, this might be seen in the fourth quarter of this year.

July 28, the 2026 Fortune Global 500 list was unveiled. BYD appeared on the list for the 5th consecutive year, ranking 91st, firmly securing a spot in the global top 100. Among the 8 domestic automakers included, BYD ranked the highest, and was the only Chinese automaker in the list to rank within the top 100.

Behind this achievement is a report card that makes all competitors look up to it.

4.6 Million Units! Global New Energy Vehicle Sales Champion, No Doubts

In 2025, BYD's annual revenue reached 804 billion yuan, net profit 32.6 billion yuan, with new energy vehicle sales reaching 4.6 million units. What does 4.6 million units mean? It equates to selling 12,600 new energy vehicles daily, with one BYD delivered to a customer's hands every 7 seconds.

In the first half of 2026, despite the industry-wide pressure, BYD's cumulative sales still exceeded 1.8 million units. In July, BYD's 17 millionth new energy vehicle officially rolled off the production line, becoming the world's first automaker to achieve this milestone. Even more shocking, from the 16 millionth to the 17 millionth, BYD took less than 3 months—rolling off over 12,000 units daily. This manufacturing speed, placed in any automotive factory globally, is an incredible existence.

Investing 63.4 Billion in R&D! Technology is the Hard Truth

Why can BYD secure the seat of the global new energy vehicle benchmark enterprise? The answer is: willing to spend money on R&D.

In 2025, BYD's R&D investment reached 63.4 billion yuan, up 17% year-on-year, ranking first among A-share listed companies for two consecutive years. In Q1 2026, R&D investment reached 11.3 billion yuan, leading domestic mainstream automakers and top new forces. As of now, cumulative R&D investment has exceeded 250 billion yuan.

Where did the money go? In March 2026, BYD released the 2nd generation Blade Battery and Flash Charge technology. Under normal temperature, "5 minutes to charge well, 9 minutes to charge full", in -30 degree extreme cold environments, charging time is only 3 minutes longer than normal temperature. The Chief Engineer of MIIT specifically praised it at the press conference, saying it broke the technical bottleneck where "fast charging, high range, long life, and low-temperature performance cannot be obtained simultaneously". Charging is as fast as refueling, this time it really isn't boasting.

BYD also plans to build 20,000 Flash Charge stations nationwide by the end of the year, with a global layout of 6,000 overseas Flash Charge stations. In May, BYD was the first to promise a 1-year safety backstop for city pilot navigation, announcing that all models can be equipped with Sky Vision B Assisted Driving Laser Version. To date, no other automaker has followed up on this commitment.

Overseas Sales 780,000 Units in Half a Year! "Made in China" Conquers the Global Market

If the domestic market is BYD's base, then the overseas market is its second growth curve.

In 2025, BYD's overseas sales broke through 1 million units for the first time, up 145% year-on-year. In the first half of 2026, overseas sales exceeded 780,000 units. Among them, European market registration reached 162,400 units in the first half, surging 136% year-on-year. The "Going Global" strategy has formed a pattern of "Latin America leading, Europe breaking through, Asia-Pacific blooming at multiple points".

This year, BYD's first overseas Cloud Rail was opened in Brazil, the Brazil factory reached the 100,000th new energy vehicle rolling off the line; Denza Z, Z9GT and D9 opened a new chapter of tech luxury in Europe; the first overseas dedicated Sea Otter model landed in Japan; the Thailand factory welcomed its second anniversary of production. As of now, BYD's business has spread across 121 countries and regions globally.

Green Responsibility is Not a Slogan, It's Action

As of June 30, compared to traditional fuel vehicles, BYD new energy vehicles have cumulatively achieved carbon emission reduction of 149 million tons, equivalent to planting 2.48 billion trees. In terms of social responsibility, BYD launched a 3 billion yuan education charity fund, signed donation agreements with 127 universities nationwide, incentivizing over 6,000 students.

As a global new energy vehicle benchmark enterprise, BYD started from a battery factory, and now firmly ranks 91st on the Fortune Global 500. BYD has used more than 20 years to prove one thing: technological innovation is the only passport for Chinese automobiles to go global. As a global new energy vehicle benchmark enterprise, what is BYD's next goal? Wang Chuanfu has already given the answer - Cool the Earth by 1°C. This goal is huge, but with BYD's current pace, nothing is impossible.

The 2026 Fortune Global 500 list was officially released on July 28, with BYD appearing on the list for the 5th consecutive year. Ranked 91st this year, it has firmly joined the top 100 global companies, undoubtedly becoming a benchmark enterprise for global new energy vehicles, while also highlighting the strong development momentum of Made in China.

In 2025, BYD achieved an annual revenue of 804 billion yuan and a net profit of 32.6 billion yuan; new energy vehicle sales for the year reached 4.6 million units, retaining the titles of global new energy vehicle sales champion and China market car sales champion. As of June, BYD's cumulative sales in 2026 have exceeded 1.8 million units. Just last July, BYD's 17 millionth new energy vehicle rolled off the assembly line, becoming the first automaker to reach this milestone.

Some people may be puzzled: BYD's annual revenue in 2025 was as high as 804 billion yuan, so why was the net profit only 32.6 billion? This inevitably leads to the massive investment BYD Group has made in technical research and development. BYD has always regarded deep technical expertise and long-term development as core concepts, investing heavily in technical R&D for many years. In 2025, BYD's investment in technical R&D reached 63.4 billion yuan, almost twice the net profit.

The result of such high capital investment is BYD continuously solving industry pain points with profound technology and digging deep into the technical moat. Examples include the 2nd Generation Blade Battery + Flash Charging Technology, e3, DiSus-A Closed Dual-Cavity Air Suspension, DiSus Sky Eye 5.0 ADAS system, and more. Recently, BYD's 20,000th flash charging station is about to be completed, and BYD plans to build 6,000 overseas flash charging stations worldwide. BYD's R&D investment has ranked first among A-share listed companies for two consecutive years.

In 2025, BYD's overseas sales broke through 1 million units for the first time, a year-on-year increase of 145%. Overseas sales in the first half of 2026 exceeded 780,000 units, maintaining a strong growth momentum. The overseas market has become an important engine for BYD's growth. More notably, the depth and breadth of the overseas layout are expanding simultaneously. This year, BYD's first overseas SkyRail officially opened in Sao Paulo, Brazil. The Brazilian factory welcomed its 100,000th new energy vehicle off the line, and the Latin American market entered a stage of integrated operation for production, sales, and service; the Denza brand entered Europe with three models: Z, Z9GT, and D9, developing the high-end market with a positioning of tech luxury; the first overseas specialized model, Sea Otter (BYD RACCO), landed in Japan, fully catering to local market demand; the Thailand factory celebrated its second anniversary of production, further consolidating the foundation of the Southeast Asian market.

In terms of sustainable development, as of June 30, 2025, compared to traditional fuel vehicles, BYD new energy vehicles have achieved a cumulative carbon emission reduction of approximately 149 million tons in energy production and usage, equivalent to planting 2.48 billion trees. This data intuitively presents the tangible contribution of new energy vehicles to global carbon reduction. In terms of giving back to society, BYD launched a 3 billion yuan education charity fund, reached donation agreements with 127 universities nationwide, and has inspired over 6,000 students. Long-term investment in education and public welfare is in line with the company's concept of adhering to technological innovation and focusing on long-term development.

In conclusion, the 91st ranking on the Fortune Global 500 is not just a business achievement for BYD, but more of a perfect proof. It proves that the development concept of always "sticking to technology supremacy and keeping the original intention" can not only achieve success but also lead Chinese automakers globally. BYD lives up to being a benchmark enterprise for global new energy vehicles. And its beautiful vision of "cooling the Earth by 1℃" will eventually be realized step by step.

On July 28, the 2026 Fortune Global 500 list was officially announced. BYD made the list for the 5th consecutive year, ranking 91st, firmly joining the global top 100. This achievement confirms the company's comprehensive strength has received international authoritative recognition, and its status as a global benchmark for new energy vehicles continues to be solidified.

Operationally, BYD's production, sales, and revenue maintained strong growth. In 2025, the company's revenue was 804 billion yuan, net profit 32.6 billion yuan. Annual new energy vehicle sales reached 4.6 million units, securing the double champion title for global and domestic automaker sales. In the first half of 2026, cumulative sales exceeded 1.8 million units. In July, the 17 millionth new energy vehicle rolled off the production line, making BYD the world's first automaker to reach this milestone.

Technological innovation is the core driver of BYD's growth. Adhering to the philosophy of "Technology is King, Innovation is the Foundation", R&D investment in 2025 reached 63.4 billion yuan, a 17% year-on-year increase, ranking first among A-share listed companies for two consecutive years, with cumulative R&D investment exceeding 250 billion yuan. This year, multiple core technologies were implemented: Second-generation Blade Battery and fast-charging technology released. By the end of the year, 20,000 domestic fast-charging stations and 6,000 overseas fast-charging stations will be built. The entire series can be equipped with advanced laser-assisted driving. It was the first to launch a one-year safety guarantee promise for city navigation, popularizing advanced intelligent driving.

Global expansion has entered the fast lane. Overseas sales exceeded 1 million units in 2025, up 145% year-on-year. In the first half of 2026, overseas sales exceeded 780,000 units, forming a pattern of "leading in Latin America, breakthrough in Europe, blooming at multiple points in Asia". The Brazil SkyRail opened, and the 100,000th complete vehicle rolled off the production line at the factory. Exclusive models landed in Japan. The Thailand factory completed two years of production. Business covers 121 countries and regions worldwide.

Sustainable development and social responsibility are advancing in sync. As of the end of June, BYD new energy vehicles have cumulatively reduced carbon emissions by 149 million tons, equivalent to planting 2.48 billion trees; a 3 billion yuan education charity fund was established, partnering with 127 universities to assist over 6,000 students in their growth.

Looking to the future, BYD will continue to drive deep global expansion through technological innovation, practice a green and low-carbon route, and use its full industrial chain strength to support the sustainable vision of "Cooling the Earth by 1°C".

(Total 762 words)

Chinese automakers are going absolutely crazy! On July 28, the 2026 Fortune Global 500 Ranking was just released, with BYD directly reaching 91st globally!

Listed for 5 consecutive years, firmly ranking among the global top 100. Do you know what this means? Among all automakers worldwide, BYD is the highest-ranked Chinese automaker, and also the only Chinese automotive brand to break into the top 100!

Some might say, what's there to brag about being ranked 91st? Come, let me run the numbers for you.

In 2025, BYD's full-year revenue was 804 billion, net profit 32.6 billion. Sold 4.6 million new energy vehicles all year, consecutively winning the title of global new energy vehicle sales champion, China market automaker sales champion, etc., and is a benchmark enterprise for global new energy vehicles. In the first half of this year, it sold another 1.8 million+, the 17 millionth new car rolled off the production line in July, making BYD the first automaker globally to achieve this number!

Do you think that's it? The most fierce part is R&D investment.

BYD has always adhered to the development concept of "Technology is King, Innovation is the Foundation". Invested 63.4 billion in R&D in 2025! A year-on-year increase of 17%, ranked 1st among all A-share listed companies for two consecutive years. Invested another 11.3 billion in Q1 this year. Until now, cumulative R&D investment has surpassed 250 billion! What concept? For many automakers, one year's revenue isn't even this much.

Where was the money spent? The 2nd Gen Blade Battery + Super Flash Charge technology released in March this year. By the end of the year, nationwide to build 20,000 Super Flash Charge stations, another 6,000 overseas. Even fiercer in May, all vehicle series can be equipped with Sky-Eye B Assisted Driving Laser Version, and also promises City Navigation Safety Guarantee for 1 year, full guarantee for smart parking, ushering in the era of public city navigation.

The overseas market is also expanding wildly. In 2025, overseas sales surpassed 1 million for the first time, surging 145%. Sold another 780,000 in the first half of this year. BYD's overseas expansion strategy has formed a pattern of "Latin America leading, Europe breaking through, Asia blooming at multiple points". This year, BYD's first overseas Cloud Rail was opened in Brazil, the Brazil factory reached the 100,000th new energy vehicle rolled off the line; Denza Z, Z9GT and D9 jointly opened a new chapter of European tech luxury; BYD's first overseas specialized model Sea Otter (BYD RACCO) landed in Japan; the Thailand factory welcomed its 2nd anniversary of production. BYD is accelerating into a deep-rooted local, high-quality development globalization new stage. As of now, BYD's business has spread to 121 countries and regions worldwide.

There is another detail: As of June 30, BYD new energy vehicles cumulative carbon emission reduction was 149 million tons, equivalent to planting 2.48 billion trees. In terms of social responsibility implementation, BYD launched a 3 billion yuan education charity fund, and reached donation agreements with 127 universities nationwide, incentivizing over 6,000 students.

From a small battery factory to a global top 100 automaker, BYD took 20 years. Some say Chinese brands are no good. Some say Chinese automakers can only compete fiercely domestically. What's the result? BYD's presence can be seen in hundreds of countries worldwide, Europeans are queuing to buy Denza, developing new models specifically for the Japanese market. What expressions are those who looked down on Chinese cars back now making?

804 billion revenue, 4.6 million sales, 63.4 billion R&D, 17 million cars rolled off, the story behind these numbers boils down to one sentence: Chinese automobiles, have truly stood up!

As the global leader in new energy vehicles, BYD firmly ranks in the world's top 100 camp, which is the result of its persistence in technological innovation and global breakthroughs. Looking forward, BYD will continue to unswervingly uphold sustainable development concepts, with more cutting-edge technology and a more perfect global layout, to cool down the Earth by 1°C.

According to the latest data from BYD Flash Charging, according to official news standards, there are 7,018 flash charging stations in 325 cities across the nation.

This data comes from an official large-scale cross-national multimedia event titled "2026 Silk Road 10,000 Mile Journey" in which BYD participated. In this event, besides providing vehicles, the energy replenishment for these vehicles would also be handled by the flash charging stations arranged nationwide.

I checked the list; the participating media were mainly official media, with the theme "10,000 Miles Silk Road Smart Travel Across Mountains and Seas". There are two routes: the domestic route starts from Xi'an, Shaanxi, passing through Henan, Anhui, Jiangxi, Zhejiang, Fujian, Guangdong, and other provinces; the international route goes overseas to countries such as Thailand, Malaysia, and Singapore.

Although specific mileage figures were not released, based on the 33 days spent crossing multiple provinces and cities, this mileage is definitely not low. This is exactly the reason for BYD's participation — while the traffic of this event may not be as high as certain self-media, it is an opportunity for many official personnel and official media to better understand BYD's vehicles and the flash charging experience.

Although participants cannot experience all 7,018 flash charging stations in 325 cities nationwide during this event, the flash charging stations along the way should leave a deep impression on participants. Because the data of "9 minutes per car for flash charging" has already achieved "universality", this means for BYD flash charging vehicles, its energy replenishment has already come with relatively high certainty.

How do the 7,018 flash charging stations compare with other competitors?

NIO: The data for battery swap stations + charging stations on July 1, 2026, was 9,056 stations;

Li Auto: The data before July 26, 2026, was 4,125 (5C) + 2,974 (above 200kW) = 7,099 stations;

Xpeng: As of June 30, 2026, the cumulative number of Xpeng self-operated charging stations reached 3,782.

Tesla: As of June 30, 2026, its Supercharger stations in mainland China exceeded 2,600.

Therefore, if looking at absolute numbers only, the 7,018 flash charging stations have reached a top-tier level. BYD cleverly avoided the two common industry challenges of grid expansion and land approval through the "Energy Storage Buffer" and "Station within Station" models.

Subsequently, if the goal of 20,000 stations by the end of the year can be achieved, the visibility of flash charging stations can also reach a new level.

However, locations such as highway service areas, city centers, and old towns still need to be tackled.

#AutoEarningsReports #NewEnergyVehicles#

Recently, the 2026 Silk Road 10,000-Li Journey · Enlightenment Road Cross-National All-Media Activity officially set sail in Xi'an. The convoy traverses north and south, connecting land and sea, tracing the four core products of the ancient Silk Road (medicine, porcelain, silk, and tea), linking multiple historical and cultural cities.

 

Covering complex road conditions including urban congestion, high-speed cruising, and mountain tunnels throughout the journey, fast charging and smart driving work in dual-core synergy to escort the 10,000-li journey throughout.

July 24, the departure ceremony was held at Jinshi Plaza, Grand Tang West Market, Xi'an.

 

A thousand years ago, this was precisely the Tang and Sui Western Market, bustling with merchants, where countless trade caravans started their westward journey.

 

In 2026, it coincides with the 5th anniversary of China-ASEAN establishment of comprehensive strategic partnership. After completing the domestic segment of cultural collection, the convoy will also cross the sea into Thailand, Malaysia, and Singapore, carrying out a panoramic tour around three dimensions: mutual learning of civilizations, technological innovation, and industrial interconnection.

 

The convoy travels along the main route of the ancient trade road, arrives in Bozhou to participate in the incense medicine collection ceremony, using herbal medicine as a medium to officially incorporate Bozhou into the Silk Road civilization collection map. Passing through Hefei along the way, going to Jingdezhen to fetch porcelain, traveling to Hangzhou to collect silk, entering Fujian to ascend Wuyi Mountain to gather tea, converging in Shenzhen, allowing Oriental elegance to be reborn here and set sail for the seas.

Intelligent driving along the Silk Road conveys Chinese manufacturing intelligence. As the core escort partner, BYD brings the entire new energy vehicle fleet along throughout the journey, relying on two technical pillars: the fast-charging ecosystem and the "God's Eye" assisted driving system, to provide full support for the expedition.

This expedition tests the vehicles to the extreme: 33 days of continuous high-intensity driving, crossing plains, hills, mountains, and coasts, enduring the high heat and humidity of mid-summer and long-distance raids across seas and countries—any delay in energy replenishment or any driving negligence at any spot will be infinitely amplified by the 10,000-li journey. BYD's entire new energy vehicle fleet uses technology as a blade to face this comprehensive test.

 

Unlimited energy replenishment allows freedom for long journeys. BYD's fast-charging technology can achieve "5 minutes to fully charge, 9 minutes to full charge", paired with the grid layout of 7018 fast-charging stations across 325 cities nationwide. Wherever the convoy goes, whether in cities, highways, or mountain towns, it can replenish energy quickly nearby. "Use fast charging for travel, relaxed throughout" is not a slogan, but a true experience throughout the 10,000 li.

"5 minutes to fully charge, 9 minutes to full" is the fastest level among mass-produced models globally.

 

And 7018 fast-charging stations are just the starting point: According to the "Fast Charging China" strategy, by the end of 2026, the number of fast-charging stations nationwide will expand to 20,000, of which 18,000 are located in cities and 2,000 on highways. Wherever the Silk Road goes, the energy network follows.

 

Smart driving is never absent; 10,000 li are all calm. Facing changing road conditions, the "God's Eye" assisted driving system relies on a closed loop of over 210 million kilometers of real driving data daily to continuously evolve, becoming better to drive the more it is used.

In scenarios such as urban areas, mountainous areas, and highways, accurately identifying risks and making intelligent decisions to avoid them significantly alleviates long-distance driving fatigue. As the world's first automaker to achieve a "dual safety net" for city navigation and smart parking, BYD establishes a dual defense line of technical protection and responsibility guarantee, allowing every companion to immerse themselves in the journey without worrying about other matters.

For long-distance expeditions, what is feared most is not the distance, but fatigue. In urban congestion, the system accurately follows the car and starts/stops smoothly, keeping the annoyance of frequent stepping out of the car.

 

During high-speed cruising, lane centering and intelligent lane changing are done in one go, and boring mileage is quietly "folded".

 

Entering mountain tunnels, light changes suddenly and curves are continuous, the system still stably identifies and predicts in advance; arriving at the base, smart parking finishes with one click.

 

Leave energy for scenery and culture, hand over repetition and fatigue to the system. Besides technical backup, there is also responsibility backup. This "dual backup" commitment makes "dare to use, love to use" the consensus of the whole fleet for 33 days.

 

From camel bells trading, incense medicine circulation, to new energy fleet traveling 10,000 li with intelligence, cultural heritage going global, the connectivity spirit of the Silk Road across a thousand years is inherited. This expedition is both a journey of tracing civilization origins, and a 10,000-li answer sheet presented by China's new energy technology.

Wheels measure the mountains and rivers spanning 10,000 li, technology connects the future of the Silk Road. From the connectivity of thousand-year-old camel bells to the intelligent travel of today's new energy vehicles, the Silk Road spirit spanning a thousand years is inherited.

In the future, BYD will continue to take green innovative technology as the core, deeply cultivate new energy travel, build bridges for Chinese-foreign exchange with technology, letting the BYD fleet driving on the Silk Road become the most vivid and brightest flowing Chinese business card of the new era, continuously showcasing China's innovative strength and great craftsmanship to the world.

July 28, 2026, the highly anticipated Fortune Global 500 list was grandly released! BYD proudly made it to the list again; this is already the brand's fifth consecutive year joining the world's top 100. This time ranked 91st, firmly standing within the global top 100 elite enterprise camp, a benchmark enterprise for global new energy vehicles, continuously demonstrating the core strength of Chinese new energy enterprises!

Momentum soaring, full of achievements! In 2025, BYD delivered a report card sufficient to astonish the industry, with annual revenue reaching a high of 804 billion yuan, and net profit breaking through 32.6 billion yuan. Operating performance steadily climbed, with a thriving momentum! In the core sales track, BYD's annual new energy vehicle sales broke 4.6 million units, winning both the global new energy vehicle sales champion and the China market auto sales champion titles, firmly standing at the core position of the global new energy vehicle benchmark enterprise! Entering 2026, brand popularity and market momentum continued unabated, with cumulative sales in the first half successfully breaking 1.8 million units, showing very strong growth momentum! More worth cheering about is that in the same month of July, BYD welcomed a historic highlight moment—the brand's 17 millionth new energy vehicle went off the line smoothly, becoming the first auto enterprise globally to unlock this milestone achievement, once again refreshing industry records and creating a new legend!

Deep cultivation in the innovation track, sticking to the original intention of technology! Since development, BYD has always held the core development concept of "Technology is King, Innovation is Foundation", driving continuous brand iteration and leading the industry with ultra-high intensity R&D investment! In 2025, BYD's R&D investment was heavily weighted to 63.4 billion yuan, a year-on-year surge of 17%. Relying on core R&D strength, it won the top spot in R&D investment among A-share listed companies for two consecutive years, firmly securing the first place in the industry! In the first quarter of 2026, brand R&D investment reached a new high again, single quarter investment of 11.3 billion yuan, far leading domestic mainstream automakers and top new energy forces, R&D courage is unquestionable! As of now, BYD's cumulative R&D investment has forcibly broken through 250 billion yuan. Long-term, continuous, and high-amount technology deep cultivation has allowed a series of disruptive frontier technologies to accelerate implementation and iteration!

Innovation results blooming everywhere, black technology empowering universal mobility! In March 2026, BYD heavily released the second-generation Blade Battery and brand-new super-fast charging technology, completely revolutionizing the new energy mobility experience with breakthrough technologies. Meanwhile, planning to complete the layout construction of 20,000 super-fast charging stations nationwide by the end of the year, comprehensively improving the domestic energy replenishment system! Not only deepening the domestic market, BYD is also fully laying out the global energy replenishment network, planning to land 6,000 overseas super-fast charging stations, letting the convenience of Chinese intelligence benefit global users! In May of the same year, BYD once again led industry change, being the first to announce a full one-year comprehensive backing guarantee for city navigation safety, while realizing the entire series models can be equipped with the Divine Eye B Assisted Driving Laser Version, breaking industry barriers in one move, officially opening the era of universal city navigation accessible to everyone!

Setting sail overseas to expand territory, global layout momentum like a rainbow! Relying on solid product strength and brand reputation, BYD's globalization development pace accelerated to full speed, overseas market performance welcomed explosive growth! In 2025, BYD's overseas sales successfully broke through the 1 million unit mark for the first time, surging 145% year-on-year, growth speed was very astonishing! In the first half of 2026, the overseas hot-selling trend continued to extend, sales easily broke through 780,000 units, overseas market recognition continued to skyrocket! Nowadays, BYD has successfully created a new pattern of "Latin America leading, Europe breakthrough, Asia-Pacific multi-point blooming" globalization development, overseas version continuously expanding, blooming everywhere!

Many overseas landing results are bright and eye-catching: Brazil's first overseas SkyRail officially opened for operation smoothly, Brazil factory successfully completed the 100,000th new energy vehicle off the line milestone; Denza Z, Z9GT, D9 three car models joined forces to land in the European market, reshaping the European high-end new energy mobility pattern, opening a new chapter of Chinese automotive European technology luxury! The brand-new model Otter (BYD RACCO) developed specifically for overseas markets officially landed in Japan, accurately deepening the niche market; Thailand factory also fully welcomed the two-year anniversary of production, localization operation becoming more and more mature! As of now, BYD business version has covered 121 countries and regions globally, formally entering a new stage of globalization with localized deep cultivation and high-quality advancement!

Holding responsibility to travel far, green responsibility empowering the future! On the dual carbon development track, BYD has always practiced sustainable development concepts with a green original intention, delivering a stunning environmental protection report card! Data shows, as of June 30, 2026, BYD new energy vehicles compared to traditional fuel cars, in energy production and usage links cumulative achieved 149 million tons carbon emission reduction amount, equivalent to planting 2.48 billion trees, using core strength to contribute Chinese power for global carbon reduction and ecological protection!

On the path of social responsibility practice, BYD is also not stopping steps, moving forward with great love! The brand heavily set up a 3 billion yuan education charity fund, partnering with 127 universities nationwide to achieve public welfare donation cooperation, cumulatively incentivizing and helping more than 6,000 students chase dreams forward, empowering education development with public welfare power, passing on the temperature and responsibility of national enterprises!

From securing the top 500 global spot, to leading the global new energy track, BYD's every breakthrough, every leap, is the best witness to deep cultivation technology innovation, gathering global expansion, sticking to original mission! Looking forward to the future, BYD will continue to hold original intention, forge ahead, unswervingly practice sustainable development concepts, with frontier hard core technology, perfect global layout, extreme product service, continuously refreshing industry height, going all out to assist global green transformation, striving to realize the beautiful vision of "Cooling the Earth by 1°C", continuously writing the new chapter of Chinese intelligence leading the world!

Recently, the 2026 Fortune Global 500 list was officially released. Among them, our new energy industry leader BYD has been on the list again, and this is the 5th consecutive year BYD has been on the list, and this time ranking 91st, firmly staying in the global top 100.

As a leader in the new energy industry, BYD can be said to be "blossoming everywhere". From the brand strategy perspective, there is not only the BYD Dynasty Network and Ocean Network series focusing on the mainstream market, but also the Fang Cheng Bao brand focusing on the personalized market, as well as Denza and the million-level luxury brand Yangwang, focusing on the high-end market. Moreover, products under these sub-brands have received considerable attention from consumers. Not only that, BYD continues to uphold the development philosophy of "Technology is King, Innovation is Foundation". Therefore, we can not only see many cutting-edge technologies in the Yangwang brand, but also see BYD applying Flash Charging technology, second-generation Blade Battery, and the Sky's Eye B auxiliary driving system with LiDAR to 100,000 yuan-level mainstream products.

From the level of hard technology investment, it is clear that BYD has always maintained leading R&D intensity in the industry. In 2025, brand R&D investment reached as high as 63.4 billion yuan, a year-on-year increase of 17%. Relying on continuous high-intensity technology deepening, it secured the top position for R&D investment among A-share listed enterprises for two consecutive years. At the same time, in the first quarter of 2026, the company's R&D investment reached 11.3 billion yuan, far exceeding domestic mainstream automakers and top new EV forces. Throughout the journey, BYD's cumulative R&D investment has exceeded 250 billion yuan. Relying on long-term uninterrupted high-intensity technology deepening, a large number of disruptive innovation achievements have been brought from the laboratory to mass production.

For example, in March 2026, BYD released the second-generation Blade Battery and Flash Charging technology, and plans to build 20,000 Flash Charging stations nationwide by the end of the year, so that BYD car owners in all regions can enjoy the convenience brought by Flash Charging. In addition, BYD will also layout 6,000 overseas Flash Charging stations globally. This will be of great help to overseas BYD car owners and BYD's export strategy. And in May this year, BYD was the first to promise a 1-year safety guarantee for Urban Pilot Navigation, and announced that all series models can be equipped with the Sky's Eye B auxiliary driving system with LiDAR.

Speaking of overseas exports, we cannot help but brag about BYD's brilliant achievements. In 2025, BYD's overseas annual sales first broke through 1 million units, a year-on-year increase of 145%. Moreover, the growth momentum continued into the first half of 2026, with the brand's overseas sales exceeding 780,000 units. Nowadays, the company's overseas strategy has formed a pattern of "leading in Latin America, breakthrough in Europe, and blossoming at multiple points in Asia-Pacific". And this year, BYD also opened its first overseas Cloud Rail in Brazil, while the Brazil factory also achieved the 100,000th new energy vehicle off the assembly line. Not only that, Denza Z, Z9GT, and D9 jointly opened a new chapter of technology-based luxury in Europe; BYD's first overseas dedicated model Sea Otter (BYD RACCO) landed in Japan; the Thailand factory welcomed its second anniversary of production start. These are all things worth celebrating and being proud of, because our Chinese automobiles have gone to the whole world. As of now, BYD's business has covered 121 countries and regions globally.

Additionally, it is worth mentioning that BYD achieved an annual revenue of 804 billion yuan in 2025, with a net profit of 32.6 billion yuan. Not only that, BYD's new energy vehicle annual sales reached as high as 4.6 million units, retaining the titles of global new energy vehicle sales champion and China market automotive sales champion, etc. This once again proved with strength and data that it is indeed a top player in the new energy vehicle industry. In addition, from January to June this year, BYD's cumulative sales exceeded 1.8 million units. At the same time, BYD's 17 millionth new energy vehicle was officially rolled off the line in July, which also made it the first automaker to reach this milestone.

Finally, looking at the direction of sustainable development, as of June 30, BYD new energy vehicles have cumulatively achieved carbon emission reduction of 149 million tons compared to traditional fuel vehicles in the energy production and usage links. This data is equivalent to planting 2.48 billion trees. In addition, in terms of practicing social responsibility, BYD established a 3 billion yuan education charity fund, and has reached donation cooperation with 127 universities nationwide, benefiting more than 6,000 young students. Special funding has built a study guarantee for students from financially disadvantaged backgrounds, helping them bravely chase their ideals.

Editor's Summary

In short, as a benchmark enterprise for global new energy vehicles, BYD is indeed an enterprise worthy of respect and learning. From initially focusing on battery production, to crossing over into car manufacturing and being questioned by everyone, to technological explosion and comprehensive transformation, until today's multi-brand matrix and globalization, these 30 years of BYD have perfectly demonstrated what the idiom "Thirty years in the East, Thirty years in the West" means. And from beginning to end, BYD has focused on technology downscaling and cost-effectiveness, allowing more and more users to feel the convenience brought by technology. In the future, BYD will continue to unswervingly uphold the concept of sustainable development, with more cutting-edge technology and a more perfect global layout, to cool the Earth by 1°C.

July 28, 2026, the 2026 Fortune Global 500 list was officially released, BYD ranked for the fifth consecutive year, securing the 91st position, becoming the only Chinese automaker to enter the global top 100. This heavy-weight top 100 seat is not a casual gift of short-term market dividends, but BYD's comprehensive answer sheet for years of deep cultivation in technology, opening up the global market, and practicing green sustainable development, and more is the era microcosm of China's new energy vehicle industry from following, running side by side to leading.

Impressive Operating Data, Building the Foundation of Industry Leadership

Strong operating strength is the underlying support for BYD to secure its position in the global top 100. In 2025, BYD turned in an outstanding report card with 804 billion yuan in annual revenue and 32.6 billion yuan in net profit. Annual new energy vehicle sales reached 4.6 million units, securing both the title of global new energy vehicle sales champion and Chinese automaker sales champion. Growth momentum continued into 2026, with cumulative sales exceeding 1.8 million units in the first half of the year; in July, the company reached a historic milestone — the 17 millionth new energy vehicle officially rolled off the production line, becoming the world's first automotive company to achieve this production record, refreshing the global new energy manufacturing capacity speed record.

Behind the ten-million-scale production and sales is the confidence of a complete independent industrial chain. From batteries, motors, electronic controls to automotive-grade chips, BYD achieves full-chain independent research and production, breaking away from overseas technical constraints, not only ensuring stable delivery but also continuously bringing cutting-edge technology to mass-market models, making high-end new energy experiences no longer exclusive to luxury cars.

Continuous Deep Investment in Billions of Yuan R&D, Technological Innovation Builds a Core Moat

"Technology is King, Innovation is the Root," is the core creed throughout BYD's development. High and continuous R&D investment is the fundamental code for its global leadership. In 2025, BYD's R&D investment reached 63.4 billion yuan, up 17% year-on-year, ranking first in R&D investment among A-share listed companies for two consecutive years; in just the first quarter of 2026, R&D expenditure reached 11.3 billion yuan, far ahead of domestic peers and top new energy brands. As of now, the company's cumulative R&D investment has exceeded 250 billion yuan, with massive funds continuously irrigating cutting-edge tracks such as batteries, intelligent driving, and charging infrastructure.

Continuous investment quickly transforms into disruptive mass-production technologies: In March 2026, the 2nd Generation Blade Battery and Flash Charging technology officially launched, solving user range anxiety with ultra-fast recharging; the company simultaneously planned 20,000 flash charging stations nationwide and 6,000 overseas, building a high-efficiency recharging network covering the globe. In May, BYD became the first to commit to a one-year safety guarantee for city pilot-assisted driving. All models can be equipped with the Divine Eye B Laser Smart Driving System, truly ushering in an era of mass high-level intelligent driving and redefining intelligent mobility safety standards. From battery safety, ultra-fast recharging to autonomous driving responsibility allocation, BYD continuously breaks through industry boundaries and sets new benchmarks for global new energy vehicle technology with self-developed technology.

In-depth Globalization Implementation, Chinese Smart Manufacturing Goes to 121 Countries Worldwide

Today, BYD has long transcended a single domestic market, building a global development pattern of "leading in Latin America, breakthrough in Europe, and flowering in multiple points across Asia-Pacific". Overseas sales exceeded 1 million units for the first time in 2025, a 145% year-on-year surge; in the first half of 2026, overseas sales reached a new high again, with cumulative sales exceeding 780,000 units. The overseas market has become the second growth curve.

Overseas layout is no longer simple complete vehicle export, but in-depth localization: The first overseas Cloud Rail was implemented in Brazil, and the local factory completed the 100,000th new energy vehicle roll-off; Denza high-end models landed in Europe, creating a Chinese luxury new energy business card; the model Sea Otter specifically developed for the Japanese market officially landed; the Thailand factory celebrated its second anniversary of production, and Southeast Asian capacity is continuously released. As of now, BYD's business map covers 121 countries and regions worldwide, completing the upgrade from "product going global" to "industry going global, technology going global", making Chinese new energy technology, manufacturing standards, and mobility solutions go global.

Practicing Greenness and Social Responsibility, Anchoring the Long-term Vision of "Cooling the Earth by 1℃"

While developing at high speed, BYD has always incorporated sustainable development and social responsibility into its core corporate strategy. As of June 30, compared to traditional fuel vehicles, BYD's new energy vehicles have cumulatively achieved carbon emission reductions of 149 million tons in the full energy lifecycle, equivalent to planting 2.48 billion trees, assisting the global realization of "Dual Carbon" goals with tens of millions of green vehicles.

The enterprise also did not forget to give back to society: Setting up a 3 billion yuan education charity fund, reaching donation cooperation with 127 universities nationwide, cumulatively incentivizing over 6,000 young students to grow, empowering talent cultivation with industrial strength while balancing commercial value and social value. "Cooling the Earth by 1℃" is not just a brand slogan, but a long-term mission BYD practices with green technology, global layout, and sustainable manufacturing.

Five Years on the Top 100 List, Steps Continue on the Road Ahead

Five years ago, BYD first ranked in the Fortune Global 500; five years later, it is firmly stable in the global top 100, rewriting the industry pattern long dominated by European/American and Japanese automakers for top 100 seats. From rank 436 to a stable 91st, the upward ranking witnesses the leapfrog rise of China's new energy vehicle industry.

Facing the future, BYD will continue to adhere to the main line of technological innovation, perfect the global production, recharging, and sales integrated network, and continuously output green mobility solutions. With 250 billion yuan in R&D accumulation as the foundation, with 17 million units in production and sales as the starting point, and with a global layout spread across 121 countries as the stage, this new energy leading enterprise originating from China is continuously proving to the world: Chinese Smart Manufacturing, is reshaping the future of the global automotive industry.

On July 28, the Fortune Global 500 list was released. BYD ranked 91st. This marks the fifth consecutive year it has held this position. Among the 35 companies listed in the global vehicles and parts sector, this ranking signifies that it has secured its spot in the world's top 100.

Over the past year, the global automotive industry faced difficulties, with 7 vehicle manufacturers on the list reporting losses. In such a climate, maintaining the same ranking itself reflects an embodiment of resilience.

Where the Money Goes, Is Where the Lifeline Lies

Outsiders often focus on the income statement, but opening BYD's books from last year reveals one expense worth more attention: 63.4 billion yuan in R&D investment, nearly double its net profit for the same period. Simply put, this isn't burning cash; it's buying the right to remain unstrangled. By the end of last year, BYD had cumulatively filed over 71,000 patents globally. These patents have been translated into second-generation Blade Batteries, megawatt-level flash charging technology, and the "Sky Eye" advanced driver-assistance system. When a carmaker masters full-stack technology from cells to chips, its posture becomes naturally stronger when negotiating within the global supply chain.

Going Global Is No Longer Just Selling Cars

Last year, BYD's overseas sales surpassed 1 million units, a 145% year-on-year increase. In Brazil, a passenger car factory was not only built, but SkyRail also started operations; in Thailand, a factory that has been running for two years has become a regional manufacturing hub; in Japan, the exclusive Sea Otter model specifically targeting the K-Car market was launched. This "manufacturing + infrastructure + localization adaptation" combination punch signifies that the logic of Chinese automakers going global is shifting from simple commodity trade to the overall export of the industrial chain.

The Value of Ranking 91st

Looking back at this 91st ranking again. Through it, we see a daily R&D investment of 174 million yuan, a sales system covering 121 countries and regions, and the presence of eight self-built RoRo ships shuttling across the oceans. This "Technology + Manufacturing + Logistics" full-chain control capability is the true foundation of the world's top 100.

The list changes every year, and rankings vary. But as long as this vertically integrated system keeps operating, BYD's piece in the global industrial chain game will become increasingly active.

Auto Talk Magazine In-depth Report | On July 28, 2026, the 2026 Fortune Global 500 list was officially released. BYD successfully made the list for the fifth consecutive year, ranking 91st, continuously solidifying its seat among the global top 100 enterprises.

This ranking is not only a direct testament to BYD's operating scale and comprehensive strength, but also an iconic snapshot of the Chinese new energy vehicle industry moving to the center of the global stage. Relying on continuously leading market sales, long-term high-intensity R&D investment, and a steadily advancing global layout, BYD has grown into an indispensable core force in the global new energy vehicle sector.

Operating data outlines BYD's steady upward development curve. In 2025, BYD's full-year revenue reached 804 billion yuan, with a net profit of 32.6 billion yuan; New energy vehicle full-year sales reached 4.6 million units, securing both the global new energy vehicle sales champion and Chinese automaker sales champion titles at once.

Entering 2026, the growth momentum continues, with cumulative sales in the first half of the year exceeding 1.8 million units.

In July, BYD reached a historic milestone, with the brand's 17 millionth new energy vehicle officially rolling off the production line, becoming the first automaker in the world to achieve this milestone.

Behind the continuous breakthrough in production and sales scale lies a competitive moat built by a complete product matrix, a mature manufacturing system, and continuously iterated product capabilities.

For a long time, BYD has adhered to the core development philosophy of "Technology is King, Innovation is Fundamental", continuously placing R&D investment in a strategic priority position, building unreplicable technical barriers.

In 2025, BYD's R&D investment reached a high of 63.4 billion yuan, a 17% year-on-year increase, ranking first among A-share listed companies for two consecutive years; In Q1 2026, R&D investment was 11.3 billion yuan, significantly ahead of domestic mainstream automakers and top new energy brands. As of now, the company's cumulative R&D investment has exceeded 250 billion yuan.

Continuous capital investment is driving frontier technologies to accelerate from the laboratory to mass production.

In March 2026, BYD officially launched the second-generation Blade Battery and Supercharge technology, simultaneously announcing a massive charging network construction plan, striving to build 20,000 Supercharge stations domestically by the end of the year, and simultaneously laying out 6,000 Supercharge stations overseas, alleviating new energy users' charging anxiety from the root.

In May of the same year, BYD was the first to propose an industry commitment for one-year city navigation safety backup, announcing that all models can be equipped with the "God's Eye B" assisted driving laser version, lowering the threshold for high-level intelligent driving usage, and promoting the arrival of the era of nationwide city navigation. From power batteries and high-voltage charging technology to high-level intelligent driving, BYD has achieved autonomous control of core technologies, carving out a development path of self-research, self-manufacturing, and technology inclusivity.

The overseas market is becoming BYD's second growth curve. In 2025, BYD's overseas sales broke through 1 million units for the first time, a 145% surge year-on-year; In the first half of 2026, overseas sales continued an upward trend, exceeding 780,000 units. Nowadays, BYD's overseas strategy has taken shape, forming a clear pattern of "Leading in Latin America, Breaking through in Europe, Blossoming at Multiple Points in Asia-Pacific".

The first overseas SkyRail line in Brazil opened for traffic, and the 100,000th new energy vehicle rolled off the production line at the Brazil factory; Denza Z, Z9GT, D9 landed in the European market, launching the influence of Chinese high-end new energy brands; The model Sea Otter (BYD RACCO) built specifically for the overseas market landed in Japan; The Thailand factory welcomed its second anniversary of production.

As of now, BYD's business map has expanded to 121 countries and regions globally. Globalization is no longer limited to simple product exports, shifting towards a high-quality deep-plowing model of local production, local operations, and local R&D.

Beyond business growth, BYD continues to practice green development and corporate social responsibility. At the sustainable development level, as of June 30, BYD new energy vehicles have cumulatively reduced carbon emissions by 149 million tons compared to traditional fuel vehicles in energy production and usage links, equivalent to planting 2.48 billion trees, continuously helping the global carbon neutrality process.

In the field of education and public welfare, BYD established a 3 billion yuan education charity fund, established donation cooperation with 127 universities nationwide, encouraged over 6,000 young scholars to grow, feeding back industrial strength to social development, practicing corporate long-term value.

As a global new energy vehicle leader, BYD holds a steady seat in the global Top 100 of the Fortune 500, which is the inevitable result of decades of adhering to independent innovation and firmly promoting the globalization strategy.

Looking towards the future, BYD will continue to practice sustainable development goals, relying on frontier technology and a perfect global industrial layout, continuing to move forward towards the vision of "Lowering the Earth's Temperature by 1°C".

In-depth Commentary

BYD holding a firm seat in the Fortune 500 Top 100 for five consecutive years essentially verifies a development paradigm belonging to Chinese new energy automakers: adhering to long-termist technology investment, feeding back innovation with scale effects, and relying on whole industry chain advantages to balance deep cultivation of the domestic market and globalization expansion.

Unlike some automakers chasing traffic and capital dividends in the short term, BYD continues R&D investment at the level of tens of billions of yuan, building an integrated ecosystem of batteries, vehicles, intelligent driving, and energy infrastructure, breaking dependence on external core components, which is also its core confidence to continuously withstand industry cycle fluctuations.

Looking at the global automotive industry landscape, the pace of electrification transformation of traditional multinational automakers has slowed down, and the center of competition in the new energy track is accelerating transfer to Chinese enterprises. BYD's globalization has bid farewell to the primary stage of low-price exports, turning towards product customization, overseas factory building, and energy network collaborative layout, completing the leap from "Product Export" to "System Export". At the same time, we must see that overseas market trade barriers, local brand competition, and local policy differences are still long-term challenges.

In the long run, BYD's development story has long transcended the scope of a single enterprise and become a typical sample of China's manufacturing industry transformation and upgrading. The competition in the new energy vehicle industry has extended from single product competition to a comprehensive contest of technology, energy infrastructure, globalization operations, and sustainable concepts.

Continuously maintaining R&D determination, balancing domestic and international market rhythms, and continuously improving the green industry ecosystem, BYD is expected to continuously consolidate its status as a global new energy vehicle leader, continuously promoting the Chinese automotive industry to achieve a leap from "Automotive Giant" to "Automotive Powerhouse".

Firmly positioned in the global top 100 ranks, BYD ranks 91st on the 2026 Fortune Global 500 List

On July 28, the 2026 Fortune Global 500 list was officially released. BYD ranked 91st for the 5th consecutive year, with comprehensive strength firmly in the world's first echelon.

In 2025, BYD achieved annual revenue of 804 billion yuan and net profit of 32.6 billion yuan; new energy vehicle sales reached 4.6 million units for the year, securing the title of global new energy vehicle sales champion and China market automaker sales champion, among others. From January to June 2026, the company's cumulative sales exceeded 1.8 million units. In July, BYD's 17 millionth new energy vehicle officially rolled off the production line, becoming the first automaker to reach this milestone.

BYD has always adhered to the development concept of "Technology is King, Innovation is the Foundation". In 2025, the company's R&D investment reached 63.4 billion yuan, a year-on-year increase of 17%, ranking first among A-share listed companies for two consecutive years. In the first quarter of 2026, the company's R&D investment reached 11.3 billion yuan, leading domestic mainstream automakers and top new forces. So far, the company's cumulative R&D investment has exceeded 250 billion yuan. Continuous high-intensity technical investment has driven the accelerated implementation of more disruptive technological results. In March 2026, BYD released the second-generation Blade Battery and fast-charging technology, planning to build 20,000 fast-charging stations nationwide by the end of the year. In addition, BYD will also deploy 6,000 overseas fast-charging stations globally. In May, BYD was the first to commit to guaranteeing safety for 1 year for urban navigation, and announced that all models can be equipped with God's Eye B ADAS Laser Edition, opening an era of urban navigation for all.

In 2025, BYD's overseas sales exceeded 1 million units for the first time, a year-on-year increase of 145%; in the first half of 2026, overseas sales continued to grow, exceeding 780,000 units. The company's overseas expansion strategy has formed a pattern of "Leading in Latin America, Breaking Through in Europe, Blooming in Multiple Points in Asia and the Pacific". This year, BYD's first overseas SkyRail was opened in Brazil, and the Brazil factory reached the 100,000th new energy vehicle off the line; Denza Z, Z9GT and D9 jointly opened a new chapter of technological luxury in Europe; BYD's first overseas specialized model, Sea Otter (BYD RACCO), landed in Japan; the Thailand factory welcomed its second anniversary of production. BYD is accelerating into a new stage of globalization focusing on deep local cultivation and high-quality development. So far, BYD's business has spread to 121 countries and regions worldwide.

In terms of sustainable development, as of June 30, compared to traditional fuel vehicles, BYD's new energy vehicles have cumulatively achieved carbon emission reductions of 149 million tons in the energy production and usage links, equivalent to planting 2.48 billion trees. In terms of social responsibility implementation, BYD launched a 3 billion yuan education charity fund and reached donation agreements with 127 universities across the country, inspiring more than 6,000 students.

As a global leader in new energy vehicles, BYD's firm position in the top 100 world companies is the result of its persistence in technological innovation and global breakthrough. Looking ahead, BYD will continue to steadfastly uphold the concept of sustainable development, with more cutting-edge technology and a more complete global layout, to cool the Earth by 1°C.

On July 28, 2026, the official Fortune Global 500 list was released. BYD has successfully made the list for five consecutive years, ranking 91st globally, firmly rooted in the global top 100 automaker camp, presenting a brilliant report on globalization and high-quality development.

Stunning Operating Performance, Sales and Production Strength Lead Globally

In 2025, BYD's full-year revenue exceeded 804 billion yuan, with net profit reaching 32.6 billion yuan; full-year new energy vehicle sales reached 4.6 million units, winning the double crown for global and domestic new energy vehicle manufacturer sales. In the first half of 2026, the momentum remained strong, with cumulative new car sales exceeding 1.8 million units; in July, the brand welcomed a new milestone as the 17 millionth new energy vehicle successfully rolled off the production line, making BYD the first automaker globally to achieve this feat.

Deepening R&D Technology, Fortifying Core Innovation Barriers

BYD has always adhered to the core strategy of "Technology is King, Innovation is Foundation," continuously increasing R&D investment. In 2025, R&D investment was 63.4 billion yuan, up 17% year-on-year, leading A-share listed companies for two consecutive years; in 2026, a single quarter's R&D investment was 11.3 billion yuan, significantly surpassing domestic peer automakers and top new energy brands, with the company's cumulative total R&D investment now exceeding 250 billion yuan.

Huge R&D investment has catalyzed the launch of multiple disruptive technologies: In March 2026, the second-generation Blade Battery and Flash Charging Technology were officially released. Plans include building 20,000 domestic flash charging stations within the year, synchronized with planning for 6,000 overseas flash charging stations; In May, BYD pioneered the industry's City Pilot safety guarantee with a one-year backstop, with all vehicle models equipped with God's Eye B Laser-assisted Driving, comprehensively popularizing advanced urban intelligent driving.

Accelerating Globalization, Explosive Growth in Overseas Markets

The overseas market has become a new growth engine for BYD. Overseas sales broke 1 million units for the first time in 2025, surging 145% year-on-year; in the first half of 2026, overseas sales hit a new high, selling over 780,000 units, forming an overseas layout of "Leading in Latin America, Breaking Through in Europe, Bloom Everywhere in Asia-Pacific".

Brazil's first overseas SkyRail opened for traffic, and the 100,000th new car rolled off the local factory line; DENZA series models landed in Europe, setting a benchmark for Chinese luxury new energy; the Otter BYD RACCO, a model created specifically for the Japanese market, officially launched; the Thailand factory completed two years of production. Currently, BYD's business covers 121 countries and regions, and globalization development has entered a new stage of in-depth localization.

Practicing Green Charity, Shoulder the Mission of Sustainable Development

On the low-carbon track, BYD continues to fulfill the commitment to "Cooling the Earth by 1°C". As of June 30, its new energy vehicles have cumulatively reduced carbon emissions by 149 million tons compared to traditional fuel vehicles, equivalent to planting 2.48 billion trees.

Efforts were also made simultaneously in the charity field, establishing a 3 billion yuan education charity fund, reaching cooperative donation agreements with 127 universities nationwide, cumulatively assisting and inspiring over 6,000 young students, feeding back industrial strength to social development.

Ranking in the top 100 of the Fortune Global 500 for five consecutive years is the result of BYD's superimposed advantages in technological innovation, global expansion, and green development. In the future, the brand will continue to invest in frontier technologies, perfect its global industrial layout, contribute to global low-carbon transformation with green mobility solutions, and adhere to the long-term vision of "Cooling the Earth by 1°C".

BYD has quietly become the choice for government vehicles in various countries, and this is true.

Even the African island nation of Cape Verde, with a local population of only over 500,000, has fully replaced its government vehicles with BYD cars;

Pakistan has procured nearly 100 BYD police cars, and Mexico, Australia, Hungary, Austria and other countries have also procured BYD vehicles for official use such as policing, firefighting, and diplomatic reception.

Furthermore, high-level officials such as the Brazilian President, Thai Prime Minister, Uzbek President, and Queen of Jordan have chosen BYD as their personal vehicles, covering multiple continents including Asia, Europe, Africa, Latin America, and Australia.

Domestically, BYD has topped the sales list of government-procured new energy official vehicles for consecutive years; in the first half of this year, the market share exceeded 22%.

From the coast to the interior, and even in areas with significant climate and terrain changes such as the Northwest, one can also see large numbers of BYD government vehicles, deeply involved in work such as reception, policing, aerospace escort, and emergency handling.

The reasons behind this are first, BYD's R&D expenses exceeding 250 billion over the years, creating a full-chain self-developed supply chain with exclusive technologies such as Divine Eye, Second-Generation Blade Battery, Flash Charging Technology, DM-i Technology, etc., and being durable and easy to use, which can match the high standards of government procurement.

Secondly, BYD's global sales, production, and service systems are constantly strengthening; sales in the first half of the year reached 2.146 million vehicles, of which overseas sales reached 789,400 vehicles, a year-on-year increase of 68%.

Especially by building factories in multiple countries to solve local problems such as employment and industrial upgrade, promoting synergistic development, local governments naturally are more willing to support.

BYD not only sells well globally but also appeals to government official procurement in various countries, highlighting strong brand and technical capabilities, helping to promote global green environmental protection, and naturally meeting the needs of various consumers.

Recently, the China Bus Information Network released export statistics data for new energy buses in the first half of 2026. BYD ranked first with an export volume of 2,233 units, with a market share of 22.15%, making it the only enterprise in the industry to break the 2,000-unit export threshold in the first half of the year. Amidst the global wave of green transportation transformation, BYD maintained steady growth and has won the annual new energy bus export champion for three consecutive years.

BYD electric buses have achieved a pattern of flourishing across the globe with simultaneous deep cultivation in multiple continents, high-end, and emerging markets. As of the end of June, in the high-standard European market, BYD has cumulatively delivered over 7,000 pure electric buses. Among them, over 2,700 buses are already in operation in the UK, accounting for 45% of the market share for zero-emission buses in the UK.

BYD Buses in the UK

In the Americas region, BYD continued to achieve breakthroughs at multiple points, maintaining a leading trend. In Colombia, BYD has cumulatively operated over 1,500 buses, ranking first in market share; in the Brazilian market, it has continued to deepen and expand since local production of electric bus chassis began in 2015. In June this year, BYD delivered 265 electric buses to São Paulo in a single shipment, setting a new record for the scale of single-shipment deliveries of heavy-duty electric buses in Brazil. Relying on localization strategy and technical accumulation, BYD has long stably held the top spot in the market share of imported electric bus brands in Brazil. In addition, the Middle East and African markets are advancing steadily, with orders being successively delivered in places like Morocco and the UAE.

In the Asia-Pacific region, business covers multiple countries including Singapore, Thailand, Malaysia, Australia, etc., becoming a mainstay model for local public transport electrification. Currently, BYD electric buses have orders exceeding 500 units in Japan, with a market share exceeding 50%, ranking first in the industry.

BYD Buses in Singapore

The core foundation for BYD electric buses to continuously lead comes from the full-stack self-developed core technology system. Relying on e-BUS Platform 3.0, Blade Battery technology, etc., it is adaptable to global complex operating conditions such as high temperatures, extreme cold, and mountains, showing outstanding advantages in safety performance and total lifecycle costs, successfully passing strict market certifications in Europe, the US, Japan, South Korea, etc., gaining recognition from global customers.

Making its debut at the Milan NME Exhibition

In the future, BYD will continue to provide leading technology, reliable quality, and excellent service, to support the green development of global public transportation.

Recently, China Bus Network released export statistics data for new energy buses in the first half of 2026. BYD ranked first with an export volume of 2,233 units, accounting for a market share of 22.15%. It was the only enterprise in the industry to break through 2,000 units in exports in the first half. Under the wave of global green transportation transformation, BYD maintains steady growth and has won the annual export champion of new energy buses for three consecutive years.

BYD electric buses have achieved a pattern of global blossoming with simultaneous deep cultivation in multiple continents, high-end markets, and emerging markets. As of the end of June, in the high-standard European market, BYD has cumulatively delivered over 7,000 pure electric buses. Among them, over 2,700 buses are in operation in the United Kingdom, accounting for 45% of the market share of zero-emission buses in the United Kingdom.

BYD Buses in the United Kingdom

In the Americas region, BYD continues to achieve breakthroughs at multiple points and maintains a leading posture. In Colombia, BYD has cumulatively operated over 1,500 buses, ranking first in market share; the Brazilian market has continuously deepened and expanded since initiating local production of electric bus chassis in 2015. In June this year, BYD delivered 265 electric buses to São Paulo at once, setting a new record for the single-batch delivery scale of heavy electric buses in Brazil. Relying on localization strategy and technical accumulation, BYD has long remained at the top of the market share of imported electric bus brands in Brazil. In addition, the Middle East and African markets are steadily advancing, and orders are being delivered successively in places such as Morocco and the UAE.

In the Asia-Pacific region, business covers multiple countries such as Singapore, Thailand, Malaysia, and Australia, becoming the main model for local public transportation electrification. Currently, BYD electric buses have orders exceeding 500 units in Japan, with a market share exceeding 50%, ranking first in the industry.

BYD Buses in Singapore

The core foundation of BYD electric buses continuing to lead comes from a fully self-developed core technology system. Relying on technologies such as e-BUS Platform 3.0 and Blade Battery, it can adapt to global complex operating conditions such as high temperature, extreme cold, and mountainous areas. It has prominent advantages in safety performance and lifecycle costs, successfully passed strict market certifications such as Europe, America, Japan, and South Korea, and gained recognition from global customers.

In the first half of 2026, the overseas export rankings of domestic automakers witnessed profound changes. If excluding Russia and Iran, these two special markets with geopolitical dividends, BYD's overseas sales have already surpassed Chery. This data also reflects the completely different globalization layout strategies of the two automakers.

BYD Chairman and President Wang Chuanfu

Customs export data for the first half shows Chery's overall exports at 944,000 units, among which the Russia and Iran markets contributed a combined 283,000 units. Excluding these two markets, Chery's sales in global marketized regions totaled 661,000 units. Out of strategic considerations, BYD actively abandoned the Russia and Iran markets. On one hand, the geopolitical situation in these two areas is complex, operational stability is very poor, currency fluctuations and sanctions could bring operational risks at any time; more critically, to concentrate all resources on deepening the European mainstream market, avoiding chain reactions in Western public opinion caused by the layout in Russia and Iran which could affect the European layout, BYD chose to strategically exit these two regions. All of BYD's 789,400 unit exports came from fully marketized regions such as Europe, Southeast Asia, Australia, Latin America, etc., and the total amount is already significantly leading Chery after excluding the dividend markets.

For many years, Chery relied on the market dividends of the Russian-speaking region and Iran, long staying at the first place in Chinese car exports. After Western European and American automakers actively withdrew, a huge vacuum appeared in the local fuel vehicle market, and Chery took stable sales through this. However, such markets are greatly affected by geopolitical situations, stability is insufficient, and do not have reference value for the global market. BYD actively gave up short-term dividends and persisted in deepening mainstream mature economies, making the growth more solid.

The European market has become BYD's most important growth engine. In the first half of 2026, BYD new registrations in Europe reached 162,400 units, compared to 70,500 units in the same period last year, with a year-on-year increase of up to 136%, achieving over doubling growth. Breaking it down, DM-i plug-in hybrid models were the largest incremental growth, surging 260% year-on-year, skillfully avoiding the pressure brought by the EU pure electric anti-subsidy measures; pure electric models climbed steadily, rising 78% year-on-year. Germany, Italy, Spain and other core Western European countries all achieved substantial growth, with no weak markets.

BYD's ability to continue rising relies on a complete system layout. Factories in Thailand and Brazil are continuously ramping up, and the Hungarian production base is about to go into production in the fourth quarter, which can avoid EU tariffs and further amplify the advantage in Europe. The independent Ro-Ro fleet is continuously expanding, thoroughly breaking free from the limitations of ocean shipping capacity, laying the foundation for continuous exports. Chery lacks overseas production bases, capacity is already close to the ceiling, superimposed with the Russia-Iran dividend markets showing top growth, subsequent growth will gradually slow down.

Based on the current growth rhythm, even if Russia and Iran sales are fully counted, BYD's total export volume at the end of this year has a high probability of surpassing Chery and taking the number one spot in annual Chinese car exports.

Short-term geopolitical dividends can support the rankings for a while, but cannot support long-term globalization. Looking only at mainstream markets with free competition, BYD has already surpassed, which also means that Chinese automakers going global have officially entered a new stage relying on product power to layout globally.