BYD’s December European Sales Soar 229.7%, Partners with ExxonMobil on Hybrid R&D
BYD’s European sales climbed 229.7% in December to 27,678 units and rose 268.6% year-to-date to 187,657 units, making it the world’s largest EV maker. BYD signed an MoU with ExxonMobil to expand hybrid EV innovation through joint R&D, standards development and global supply-chain support.
1. BYDDY and ExxonMobil Sign Expanded Hybrid EV Cooperation MoU
BYD Co. Ltd. (OTC:BYDDY) and ExxonMobil announced a new memorandum of understanding to deepen their long-standing partnership in hybrid electric vehicle technology. The agreement extends joint research and development efforts on next-generation hybrid powertrains, commits both companies to collaborate on global standards for low-emission fuel blends, and establishes a dedicated supply-chain task force to secure critical materials. Executives from BYD and ExxonMobil have set a target to complete feasibility studies for fuel-cell integration by mid-2026 and to pilot hybrid demonstrations in Europe and Asia before year-end.
2. BYDDY Surges in Europe as Tesla Sales Decline
In December 2025, BYD’s European deliveries leapt 229.7% year-on-year to 27,678 vehicles, driving full-year overseas sales to 187,657 units—up 268.6% from 50,912 in 2024. This performance helped BYD overtake Tesla as the world’s largest electric-vehicle manufacturer for the first time. European market share for battery and hybrid models topped 51%, with BYD accounting for a record 12.8% slice of the region’s electrified vehicle registrations. By contrast, Tesla’s December sales fell 20.2% and its annual European volumes slid 27%, underscoring BYD’s growing competitive edge.
3. Global Expansion Targets and Positive Analyst Outlook
To build on its overseas momentum, BYD has set a 2026 goal of exporting 1.3 million units—more than doubling its 2025 export volume. Several leading brokerages have upgraded their outlooks on BYD’s stock citing robust order books for models such as the Dolphin and Seagull, strengthening distribution in Western Europe, and ongoing cost reductions in battery production. Analysts project that overseas sales could contribute over 40% of BYD’s total revenues by 2027, up from 17% in 2024.
4. Joint $130 Million EV Battery Plant in Vietnam
In a strategic move to secure regional battery capacity, BYD is partnering with Vietnam’s Kim Long Motor to invest $130 million in a central Vietnam facility dedicated to commercial EV battery production. The plant, slated to begin construction in Q2 2026 and start commercial output by late 2027, will have an initial annual capacity of 1 GWh. It positions BYD to serve growing demand in Southeast Asia while mitigating tariff risks and reducing logistics costs for its expanding EV lineup.