Key facts
- BYD has surpassed Geely Auto to become China's largest automaker in April and May.
- Global demand for electric vehicles has accelerated, partly due to rising oil prices.
- BYD's overseas deliveries increased by 76% year-on-year.
- BYD delivered 1.41 million vehicles globally between January and May, compared to Geely's 1.18 million.
- Geely had led in the first quarter of 2026 before BYD's rebound.
BYD has reclaimed its position as China's largest automaker, overtaking Geely Auto, as global demand for electric vehicles (EVs) accelerates amid a global energy crisis. The conflict between the US and Iran has driven up oil prices, making EVs a more attractive option for consumers worldwide.
BYD, which had lost its top spot in the first quarter of 2026, saw a strong rebound in the subsequent two months. This recovery was significantly boosted by a 76% year-on-year surge in its overseas deliveries, reaching nearly 300,000 units during April and May. This growth outside of China was a major driver for the company.
Overall, BYD delivered 1.41 million vehicles globally between January and May, surpassing Geely's 1.18 million units in the same period. Geely had briefly held the lead in the first quarter, delivering 709,538 vehicles compared to BYD's 700,463.
BYD's resurgence reinforces founder and chairman Wang Chuanfu's ambition to establish the company as the world's largest carmaker by 2030, supported by advancements in battery technology and autonomous driving.