Quick Highlights:BYD aims to sell up to 1.6 million vehicles overseas in 2026, marking a sharp rise from 2025 projections.Europe, North America, and ASEAN markets will each account for roughly one-third of BYD’s overseas sales.Capital expenditure expected to decline in late 2025 and 2026 as production meets global demand.BYD India crosses delivery of 10,000 EVs, solidifying its presence in the country’s premium EV market.BYD Doubles Down on Global Expansion with Target of 1.6 Million Overseas Vehicle Sales in 2026Chinese automotive giant BYD is accelerating its global expansion, targeting 1.5 to 1.6 million overseas vehicle sales in 2026 , according to a recent report by Citi. This ambitious guidance marks a significant increase from the expected 900,000 to 1 million vehicles sold abroad in 2025 , underscoring BYD’s aggressive push into international markets amid intensifying competition at home.Citi’s report, which followed a meeting with BYD management, attributes this expected growth to new model launches and an increasingly diverse global sales mix . The company’s overseas sales for 2026 are projected to be evenly distributed across Europe, North America, and ASEAN markets , each contributing about one-third of total exports.Strong Overseas Momentum Amid Domestic ChallengesBYD’s expansion abroad comes as the company navigates a more competitive domestic market. The automaker, once a clear leader in China’s EV sector, has faced mounting pressure from local rivals such as Geely and Leapmotor , particularly in the budget-friendly segment.In response to softening sales at home, BYD has revised its 2025 global sales target downward by 16% to 4.6 million vehicles , signaling a strategic shift toward markets where electric vehicle (EV) adoption is accelerating and pricing pressures are less severe.Despite these domestic headwinds, BYD’s overseas performance has been robust , with international shipments accounting for around 20% of total vehicle sales so far this year — a figure that is double the level achieved in 2024 .New Factories and Strategic LocalizationOver the past five years, BYD has constructed eight mega factories across China to support its fast-growing EV production. Now, the company is replicating this model globally through localized assembly plants in key international markets.BYD has already established facilities in Hungary and Brazil and is reportedly planning a third European factory , with Spain emerging as the top candidate . This localized production strategy allows BYD to reduce logistics costs, mitigate trade barriers, and tailor vehicles to regional market preferences , especially in Europe where regulatory standards and consumer expectations differ from China.The automaker also expects capital expenditure (capex) to decline in the fourth quarter of 2025, followed by a more pronounced drop in 2026. According to Citi, this is due to the company’s vehicle and battery production capacity reaching sustainable levels to meet global demand without additional major investment surges.BYD India: Marking a Milestone with 10,000 DeliveriesIn India, BYD is fast establishing itself as a premium EV contender. The automaker recently announced the delivery of its 10,000th passenger electric vehicle, marking a significant achievement in one of the world’s fastest-growing EV markets.Since entering the Indian passenger EV market in 2022 with the Atto 3 electric SUV , BYD India has expanded its lineup to include the Sealion 7 eSUV , Atto 3 eSUV , eMAX 7 eMPV , and the Seal electric sedan . These models cater to a range of premium customers, combining cutting-edge technology, performance, and sustainability.Backed by an investment exceeding $200 million , BYD has established a strong operational foundation in India. The company’s network now spans 44 dealerships across major cities, offering nationwide roadside assistance, extended warranties, and after-sales support — a crucial factor in building consumer confidence in EV adoption.A Long-Term Commitment to Sustainable MobilityBYD’s steady progress in India reflects its broader mission to accelerate global adoption of electric mobility . With EV-friendly government policies, rising fuel costs, and increasing environmental awareness, India presents a promising landscape for BYD’s long-term growth strategy.Moreover, BYD’s success in India could serve as a blueprint for other emerging markets in Southeast Asia, Latin America, and Eastern Europe , where infrastructure and demand for affordable EVs are rapidly evolving.Outlook: Sustained Global Momentum AheadWhile BYD’s profit margins have recently come under pressure — its latest quarterly earnings marked the biggest profit drop in over four years — the company remains on track for strong international growth. Analysts believe that BYD’s vertical integration , which includes in-house production of batteries and semiconductors, provides a key cost advantage over competitors.With its sights set on selling up to 1.6 million vehicles overseas next year , BYD’s next phase of expansion will hinge on execution, localization, and continued innovation in vehicle technology and energy efficiency.As the global EV race intensifies, BYD’s strategy of balancing production across multiple continents and investing in regional markets like India could prove pivotal in maintaining its position as a top global EV manufacturer and a driving force in the transition to sustainable mobility .