BYD $1211 (-0,98%) continues to focus on large-scale projects and technological leadership in the grid-connected energy storage market.
One flagship project is the construction of the currently
》largest plant in the world《
in Saudi Arabia with a total capacity of 12.5 GWh.
This project consolidates the long-standing partnership with the Saudi Electricity Company.
The core of the technology is the Haohan battery storage system, which impresses with an outstanding volumetric energy density of 233 kWh per cubic meter, an increase of over 50 % compared to standard industry values.
A standard container can thus store up to 10 MWh.
BYD is also expanding into key markets such as Europe. The largest project there is in Germany with an output of 103.5 MW and a capacity of 238 MWh.
In the core business of electromobility, the picture is mixed.
Although BYD achieved the highest monthly figure of the year in October 2025 with 441,706 vehicles sold, it suffered a year-on-year decline of around 12%.
The downturn in plug-in hybrids in particular is weighing on the balance sheet. The financial side underpins this challenge.
In the 3rd quarter, net profit fell by a good 33% to RMB 7.82 billion. Driven by aggressive price competition in the domestic market, the gross margin fell to just 17.6%, a decline of around 6 percentage points compared to the previous year.
BYD is responding to the pressure on margins with increased internationalization and diversification.
The expansion of production sites overseas, for example in Hungary, Turkey, Thailand and Brazil, is progressing.
At the same time, technological innovation remains a key lever. Vertical integration from battery production to vehicle production should secure cost advantages.
The company remains an important player and technological pacesetter, but competitive pressure is constantly growing, although the strategy should continue to pay off in the long term.
