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BYD powers past Geely as oil shock charges up global EV demand

BYD powers past Geely as oil shock charges up global EV demand
South China Morning Post Thursday 11 June 2026, 00:00 UTC By Daniel Ren 1 min read
Key Points

The global energy crisis has helped propel BYD back into pole position in China’s automotive sector, allowing it to regain ground on Geely Auto as demand for battery-powered vehicles accelerates worldwide. The Shenzhen-based electric vehicle (EV) maker, which lost its title as mainland China’s largest carmaker in the first quarter of 2026, rebounded strongly in the following two months as the US-Israel war with Iran drove up oil prices. Its overseas deliveries surged 76 per cent year on year...

The global energy crisis has helped propel BYD back into pole position in China’s automotive sector, allowing it to regain ground on Geely Auto as demand for battery-powered vehicles accelerates worldwide. The Shenzhen-based electric vehicle (EV) maker, which lost its title as mainland China’s largest carmaker in the first quarter of 2026, rebounded strongly in the following two months as the US-Israel war with Iran drove up oil prices. Its overseas deliveries surged 76 per cent year on year to...
BYD (ORG) Geely (ORG) EV (ORG) China (LOCATION) Geely Auto (ORG) Shenzhen (LOCATION) US (LOCATION) Israel (LOCATION) Iran (LOCATION)
Originally published by South China Morning Post Read original →

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