BYD Shares Surge 8% on ‘Disruptive Technology’ Teaser, Overshadowing 41% Sales Drop
BYD Shares Surge 8% on ‘Disruptive Technology’ Teaser, Overshadowing 41% Sales Drop
Publish Date: 2026-03-02 06:36:00
Source Domain: eletric-vehicles.com
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…
