BYD has hit a new production milestone: the 17-millionth new-energy vehicle rolled off the line in Xi’an this week, and the pace is accelerating. The latest million took just 82 days, slashing the previous 120-day cadence by a third. The surge is powered by the new Seal 08, a limousine that debuted in early July and has already racked up more than 100,000 firm orders.
The Seal 08 isn’t just a sales hit – it’s a charging breakthrough. Fitted with second-generation Blade batteries and an 800-volt architecture, the car can absorb enough electricity for 400 kilometres of range in five minutes. A full charge takes only nine minutes, and even in extreme cold of minus 30 degrees Celsius the process extends by just three minutes. The pure-electric version offers 905 kilometres of range, while the plug-in hybrid variant stretches that to 1,660 kilometres.
Yet for all the technological fireworks, the stock tells a more tempered story. BYD shares recently changed hands at around €9.54, recovering roughly 7% on the week, but they remain down 13-15% year-to-date and still trade 37% below the 52-week high of €14.80. The disconnect stems from home-market weakness: domestic sales slumped 22% in June, even as the export business boomed. Overseas deliveries jumped almost 95% to about 175,000 vehicles in a single month, with exports now accounting for more than 43% of total monthly sales.
The export surge is all the more remarkable given the EU’s final countervailing tariffs of 27% on BYD imports, which took effect in early July. To sidestep those duties, BYD is racing to localise production outside China. Executives met this week with Uzbek officials to discuss expanding a plant in Jizzakh, and the company’s first European factory, in Hungary, is slated to open by the end of 2026. But efforts to secure a European foothold through partnership have hit snags: BYD approached Renault multiple times over the past two years seeking a strategic stake and access to local plants, but the French automaker rebuffed the advances each time.
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On the ground in China, BYD is building its own charging network to complement the Seal 08’s speed. It currently operates just over 7,000 fast-charging stations and aims to have 20,000 by the end of next year. The new limousine also comes with rear-axle steering that reduces the turning circle to 4.95 metres, plus standard air suspension and a LiDAR system for autonomous driving — a clear push into the premium segment.
Despite the domestic headwinds, BYD remains one of only three profitable electric-vehicle brands in China. First-half deliveries reached 1.81 million units, and management is targeting a new annual record. Yet the stock’s wide gap from the 52-week high suggests investors are waiting for proof that the international business can sustain margins under the tariff regime. The second half of 2025 will be pivotal: success hinges on how quickly BYD can turn its overseas production plans into real capacity.
Even as it plans ahead, BYD is addressing immediate needs. On Thursday, the company donated 10 million yuan to flood relief efforts in Guangxi after Typhoon Maysak struck the region — a reminder that even a world-beating EV maker can’t escape home-country weather.
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