Expensive Oil Crisis Make BYD Grow Strong! Foreign Sales Rise to No. 1 Motor Show

The BYD crisis has grown! Foreign sales have consumed 40% in the last month, and Yong Jung Motor Show Thailand is number one. 🤩🤩

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BYD expects the soaring price of oil to boost overseas sales to "the next level" as orders for electric cars rise in several markets.

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BYD has boosted its 2026 overseas sales target as orders for electric cars rise sharply.

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After deciding to stop producing cars powered by internal combustion engines entirely by 2022, China's BYD company reaped the benefits.

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Last year, BYD sold more cars than Ford for the first time, and ranked 6th in EV sales worldwide. Now, amid tensions in the Middle East, China's major EV companies have acknowledged that high oil and gas prices may help boost EV sales.

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BYD chief executive Wang Chuanfu told analysts during a secret meeting last week (via Nikkei) that the company expects high-priced oil to push foreign EV sales to "another level" by 2026.

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According to Wang, BYD sells the same number of cars as usual sold in two weeks, just in one day in countries like Australia, New Zealand and the Philippines.

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At the Bangkok Motor Show, the largest car show in ASEAN that ended on April 5, BYD received the most bookings in the 12-day event; bookings surpassed 18,057 vehicles, surpassing subsequent Toyota for second place.

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Despite March being the seventh consecutive month of sales decline, international markets remain a bright spot.

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The company exported 120,083 new energy vehicles (NEVs) last month, including EVs and PHEVs, up 65 percent from March 2025.

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In the first quarter of 2026, BYD sold 321,165 vehicles overseas, and with overseas factories increasing capacity in Hungary and Brazil, BYD said it was highly confident it could meet its 1.5 million vehicle sales target.

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In March. The international market accounted for 40% of BYD's total sales, and it is expected that soon at least half of its sales will come from abroad.

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Bernstein analysts have said in a memo to investors that Chinese companies with strong perceptions in the EV and hybrid markets, and a significant overseas base, would benefit greatly if oil prices continued to rise.

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Cr: electrek

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.# EV # BYD # Electric car # Oil price# Expensive oil # Car sales # ElectricVehicle