The Business Times
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THINKING ALOUD

The BYD boast that shareholders didn’t like

While Toyota’s chairman feels lonely at the top, BYD’s is remarkably optimistic

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    • BYD is the leading EV nameplate in Britain and Indonesia, and has also topped Singapore’s charts for two years running.
    • BYD is the leading EV nameplate in Britain and Indonesia, and has also topped Singapore’s charts for two years running. PHOTO: REUTERS

    Leow Ju-Len

    Published Wed, Jun 17, 2026 · 07:00 AM

    BYD almost looks like two different car companies.

    The first is seeing explosive growth, with exports up 65 per cent in the first five months of this year, compared with the same period in 2025.

    The second saw domestic sales fall so much that, as a whole, deliveries are down an eye-watering 20 per cent.

    Thinking AloudBYDToyotaElectric vehicles

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