Shenzhen-listed shares of BYD Group jumped by over 8% on Monday after the company announced that it will hold a “disruptive technology” launch event on March 5.
The stock closed 8.4% higher at 96.79 yuan, the largest single-day increase in a year — despite the 41% sales plunge reported on Sunday.
Over the weekend, the company was spotted testing its megawatt-level flash charging network in Shenzhen.
Previous leaks had revealed a 1,500 kW charging system and a dedicated Flash Charging app.
A video shared by X user ‘XueJia24682,’ showed the charger adding about 2 km (1.2 miles) of range per second, with the user mentioning that it can provide 400 km of range [248.5 miles] in just 5 minutes.
This fueled speculation among several auto bloggers on Weibo that the upcoming event would focus on the charging infrastructure.
The company announced the event through WeChat without providing any additional details.
BYD is also scheduled to reveal the all-new Denza Z9 GT on March 5.
The model, which delivers a pure electric range of 1,036 km (644 miles) — the longest pure electric range of any model globally to date — is set to receive a tech upgrade.
Domestic Sales
The news comes as BYD faces plunging sales, with February deliveries down 41% compared to the same month last year.
The company sold 187,783 passenger vehicles last month, which also represented an 8.6% drop from January.
While exports grew 50%, domestic sales more than halved in February.
Reduced incentives in January left the auto industry weaker than expected, and disruptions from a longer-than-usual Chinese New Year holiday led February to be forecasted as the year’s weakest month.
China’s Passenger Car Association (CPCA) had warned that February would see “the year’s absolute trough,” as the nine-day holiday left only 16 working days last month.
These numbers mark BYD’s weakest month in 2 years, and the sixth consecutive month of year-over-year sales declines.
Last week, BYD introduced a new round of incentives for its Ocean series models in China, becoming the latest automaker to adopt a pricing strategy similar to the one Tesla implemented earlier this year.
The company also announced a trade-in subsidy of up to 21,000 yuan ($3,050).
With the recent sales drop, BYD has been overtaken by Geely as the best-selling carmaker in China.
The Hangzhou-based group has surpassed BYD in both January and February — for the first time since 2022 — as competition between the two deepens.
Overseas Sales
Overseas deliveries held steady at around 100,000 units for the second consecutive month, following a drop from roughly 130,000 units in both November and December.
The company sold 4,602,436 new energy vehicles globally in 2025, a 7.7% increase year-over-year, posting the slowest growth in five years.
As of the end of 2025, the company was present across 110 countries.
BYD aims to achieve 1.3 million sales outside China this year, a 24.3% increase from the nearly 1.05 million exports recorded in 2025.
The company is also expanding its manufacturing footprint across the globe, with overseas factories in Thailand, Uzbekistan and Brazil expected to provide 300,000 units per year of combined capacity.
Trial operations for production in its Hungarian plant began earlier this year, with production scheduled to begin in the second quarter.
