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June 9, at BYD Shenzhen HQ Hexagon Building, a group of guests arrived — BYD shareholders.
On this day, BYD held the 2025 Shareholder Meeting.BYD Chairman and President Wang Chuanfu faced shareholders' sharp questions directly, and also provided a series of positive news:
What are the details and reasons for these "positive" news? Let's take a look together.
01
This Year's Sales
At the start of 2026, BYD's momentum was not good.
According to the June 1 sales bulletin, cumulative sales for the first 5 months were 1.405 million vehicles, a year-on-year decrease of 20.3%.
However,BYD sold 383,500 vehicles in May, a slight year-on-year increase of 0.26%, and a month-on-month surge of nearly 20%. Especially the year-on-year increase turned positive for the first time in 10 months, meaning BYD has turned around.
Wang Chuanfu pointed out that the purchase tax for new energy vehicles was halved this year, causing many consumers to purchase early last year. Therefore, consumption of new energy vehicles dropped sharply in January and February. Since BYD only makes new energy vehicles, it was greatly affected. However, after efforts in March and April, and coinciding with fuel price increases, sales recovered.
Additionally, BYD released the second-generation Blade Battery and Flash Charging technology. Public and consumer reactions were enthusiastic, but sales did not reflect much. Why is this?
Wang Chuanfu stated that the Generation 2 Blade Battery and Flash Charging technology solved a major pain point in electrification and received high praise from domestic and international sources. However, he admitted that current capacity is not enough,capacity is ramping up with a monthly increase of 20,000 to 30,000.
He revealed,this year the company's sales will depend on battery production. "With the improvement of our battery capacity, I believe this year will have good output. Greater output will come next year. Once our capacity ramps up well next year, I believe both domestic and international markets will exert force simultaneously."
BYD's Generation 2 Blade and Flash Charging battery technology coincides with a new stage of new energy vehicle consumption — the proportion of extended-range and plug-in hybrids continues to decrease,the proportion of pure electric is increasing more and more, reaching a two-thirds proportion by the end of April this year.
And consumers at this time, no longer worry about range, but still have doubts about recharging convenience, winter range, and recharging. Therefore,BYD's Generation 2 Blade Battery and Flash Charging technology, as well as "Flash Charging China" flash charging station construction, come at the right time.
Data Source: Terminal Insurance Data
Especially, although BYD led the plug-in trend, in the pure electric market, its own proportion is different from the whole industry.Whether in 2025 or the first 5 months of 2026, plug-in hybrids account for more than half in BYD passenger cars.
However, accompanied by Generation 2 Blade Battery and Flash Charging technology, BYD's pure electric will increase promotion efforts. BYD sources revealed,now in accepted orders, the proportion of pure electric has reached 60-70%, this is precisely the result of support from Generation 2 Blade and Flash Charging technology.
02
Intelligent Driving Outlook
Besides Generation 2 Blade Battery and Flash Charging technology, BYD's Intelligent Strategy Launch Event on May 28 also triggered industry attention.
In the Q&A session, many shareholders were also concerned about intelligent driving issues.
Regarding the current L2+ intelligent driving assistance system, Wang Chuanfu adhered to the attitude of co-developing and innovating with partners, and also emphasized his own advantages.
"Whole vehicle intelligence is embodied intelligence. BYD was the first to propose Mass Intelligent Driving, hoping that AI technology results can be quickly implemented on cars. BYD now has 3.15 million intelligent driving vehicles implemented globally, with 200 million kilometers of driving data every day, providing a good foundation for BYD's future implementation of higher-level intelligent driving."
Wang Chuanfu expressed optimism on autonomous driving. "According to the current development of AI technology, everyone can see,future L3, L4 will definitely be implemented earlier."
Wang Chuanfu mentioned that BYD has made full preparations from chips, algorithms, data, ecosystem, and other aspects,once regulations land, BYD will launch new products compliant with L3 relevant requirements, and move from China to the global market,including training centers in Europe, South America, Southeast Asia, Middle East, etc., are all ready. He said, "Once regulations land, BYD will take off quickly."
03
Overseas and Total
This year although BYD car sales declined, there were obvious highlights — exports.
First 5 months, BYD overseas sales were 614,000 vehicles, up 64.7% year-on-year.
Wang Chuanfu stated that in the overseas market, Chinese new energy vehicles have strong competitiveness. Whether from price, enterprise, technology, and other aspects, they have surpassed local peers, thus achieving good growth."Originally at the beginning of the year we set 1.6 million (overseas sales target). I think it will exceed."
However, Wang Chuanfu emphasized stable growth in exports, proposing localized production and service strategies, such as factories in Brazil, Hungary, Thailand, driving local supply chains, pulling employment, tax revenue, and reflecting social responsibility. "We hope to maintain stable, continuous development."
Based on expectations for domestic and international markets, Wang Chuanfu stated that BYD will maintain continuous growth for the next three to five years.Expectations are BYD will "achieve great growth by 2030", "Five years later, BYD will be able to achieve true global No. 1 in scale."
At the Shareholder Meeting, there was an interlude. A shareholder who participated in 2025 attended again, complaining that the stock price was undervalued and investment was stuck. Wang Chuanfu responded, "Our potential is recognized by everyone, but our stock price hasn't reflected it yet. On behalf of management, I understand and thank everyone for their support."
Wang Chuanfu said, hoping shareholders remain patient,"Shareholder better returns will definitely be achieved."
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