BYD’s overseas sales soared in April as surging fuel prices in the wake of the Iran war spurred renewed interest in electric cars, though softening demand at home in China dragged total deliveries down for the eighth month in a row.<\/p>\n\n\n\n
The automaker\u2019s sales outside of China jumped 71% last month from a year earlier to 134,542, it said Friday in a post on social media platform Weibo. <\/p>\n\n\n\n
Still, that wasn\u2019t enough to prevent total deliveries falling 16% to 321,123.<\/p>\n\n\n\n
The strength in international sales underscores the importance of BYD\u2019s\u00a0global expansion\u00a0as demand at home cools following the removal of government subsidies and intensifying competition from the likes of Geely Automobile and Xiaomi.<\/p>\n\n\n\n
BYD is aiming to sell 1.3 million cars outside China this year, around a quarter more than in 2025.\u00a0<\/p>\n\n\n\n
The prolonged slide in sales, combined with a fierce\u00a0price war\u00a0in China, has eroded BYD\u2019s earnings and sent its\u00a0short-term debt\u00a0soaring.\u00a0<\/p>\n\n\n\n
The company is counting on a raft of new models and fast-charging batteries to drive sales for the rest of the year. <\/p>\n\n\n\n
At the Beijing auto show, which started last week, BYD occupied an entire exhibition hall to showcase its multi-brand strategy and display cars equipped with the latest versions of its top-of-the line Blade batteries.<\/p>\n\n\n\n