BYD Co Ltd Class H

01211: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BYD: Competition Led to Volume Growth Pressure

Vincent Sun

Feb 9, 2026

BYD finished 2025 with new energy vehicle sales of 4.6 million units, up 8% year on year and below the NEV sector growth of 26%. Meanwhile, January volume slid by 30% year on year.

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United States

BYD Co Ltd Class H

BYD: Competition Led to Volume Growth Pressure

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