In the past 2025, BYD delivered an impressive performance sheet: annual sales of new energy vehicles reached 4.6 million units, securing the top spot in both domestic and global NEV sales. Meanwhile, in the 2025 Fortune Global 500 rankings, BYD's brand value climbed to 91st place, making its debut among the world's top 100.

　　In the commercial vehicle sector, BYD's global cumulative sales of commercial vehicles (including pickups) reached 57,000 units in 2025, covering more than 70 countries worldwide. Among these, new energy bus exports totaled 4,234 units, a year‑on‑year increase of 18.2%, capturing a 24% market share and ranking first in the industry. Notably, BYD was the only company to export more than 4,200 new energy buses.

　　Behind these achievements, BYD's globalisation strategy for commercial vehicles is becoming increasingly clear. Whether it is breaking into high‑end overseas markets or penetrating deeper into domestic niche segments, the approach reflects a long‑termism philosophy.

R&D: Technology First, Long‑Term Accumulation

　　As commercial vehicles are capital goods, customers are highly sensitive to reliability, durability, and total cost of ownership – a fact that fundamentally differentiates their R&D logic from that of passenger cars.

　　BYD's confidence in commercial vehicles stems from the group‑level "technology pool." At present, BYD operates 11 major research institutes, covering complete vehicles, batteries, powertrains, and basic materials. In the first three quarters of 2025, the group's cumulative R&D investment exceeded RMB 43.7 billion, far surpassing its net profit over the same period, laying a solid foundation for technology commercialisation.

　　The concrete application of these technologies is evident in product launches. Take the C11 all‑new electric bus released in 2025, for example – it is equipped with the e‑Bus Platform 3.0 technology. Traditionally, buses, with their high centre of gravity and large dimensions, are not considered suitable for extreme handling tests. However, BYD demonstrated the vehicle's moose test and blow‑out control footage at the launch event, elevating chassis technology and safety standards to new heights.

　　Looking ahead, BYD's new full‑vehicle test track in Nanning is expected to become operational in 2026, providing the commercial vehicle division with a more comprehensive independent testing and validation system.

Light Commercial Vehicles: From B‑End Leasing to C‑End Private Purchase

　　In 2025, China's domestic market for new energy light trucks and mini trucks experienced explosive growth. By the end of the year, the national penetration rate of new energy light and mini trucks had approached 27%, with some key cities even exceeding 50%.

　　In this red‑ocean market, BYD's T5 light truck and T4 mini truck carved out a differentiated path. In the past, new energy logistics vehicles were mostly used by leasing companies or large fleets. However, the sales structure of the T5 reveals that nearly 80% of the vehicles are purchased directly by end‑user individuals or small and micro business owners.

　　This indicates that new energy commercial vehicles are shifting from "policy‑driven" to "market‑driven" adoption. Users choose BYD primarily for its build quality, intelligent features, and reliability of the three‑electric system (battery, motor, and electronic control), all of which are carried over from passenger‑vehicle standards.

　　Notably, BYD chose to launch the T4 mini truck globally for the first time at the 2025 Tokyo Motor Show in Japan. The strategy is to first validate product competitiveness in mature markets before introducing it to China and other regions. Priced at approximately 8 million yen (around RMB 370,000) in Japan, the same configuration sells for just over RMB 90,000 in the domestic market. This pricing disparity not only highlights the cost advantage of Chinese manufacturing but also validates the global competitiveness of BYD's products.

Heavy‑Duty Trucks and Sanitation Vehicles: Acknowledging Shortcomings and Accelerating Iteration

　　Compared with the smooth sailing of buses and light trucks, BYD's foray into the heavy‑duty truck segment has been notably more pragmatic.

　　In 2025, the penetration rate of new energy heavy‑duty trucks in China rose rapidly to 30%, and in short‑haul scenarios such as ports and muck‑hauling operations, it even exceeded 50%. As a latecomer in this field, BYD frankly acknowledges that defining the right product for heavy‑duty trucks is far more challenging in the domestic market than in overseas markets, given the complex transportation conditions and the varying enforcement standards across different regions.

　　In response, BYD has adopted a rapid iteration strategy. In 2025, the heavy‑duty truck team conducted extensive trial operations in more than 100 scenarios across the country, gathering substantial on‑the‑ground feedback. For the 2026 model, the team has focused on enhancing the living attributes of the cab—for truck drivers, the cab serves as both a workplace and a living space. The new design will significantly improve comfort and intelligent features, effectively addressing the pain points that drivers commonly face.

Going Global: Technology Premium Breaks the Low‑Price Stereotype

　　Chinese automotive exports have long been labeled as "exchanging volume for price," but in 2025, BYD's commercial vehicles shattered that image on the global stage.

　　In Singapore, a market in the Asia‑Pacific region with some of the most stringent public transport standards, the Land Transport Authority (LTA) released a large‑scale tender for electric buses in 2025. BYD ultimately secured approximately a quarter of the total order, with its bid price nearly 30% higher than that of some competitors.

　　This shows that procurers are willing to pay a premium for superior technical stability and more comprehensive full‑life‑cycle warranty solutions. It also demonstrates that BYD Commercial Vehicles is progressively gaining international pricing power through its technological moat.

　　In 2025, in Germany—a traditional powerhouse of the automotive industry—BYD's electric bus market share rose to third place, ranking first among Chinese brands. In particular, its partnership with Deutsche Bahn (DB) attracted considerable attention from local media. The two parties have delivered a cumulative total of 300 units, and that number is expected to exceed 500 by the end of 2026. In September of the same year, BYD completed the delivery of its 5,000th electric bus in Europe.

　　To support its global expansion, BYD is accelerating its supply chain deployment. In Brazil, chassis plant capacity upgrades are already on the agenda to meet growing order volumes from cities such as São Paulo.

Looking Ahead to 2026: A Critical Year for Service Systems and Brand Elevation

　　Entering 2026, BYD Commercial Vehicles will place greater strategic focus on building up its "systemic strength."

　　In terms of product‑matrix expansion, BYD Commercial Vehicles will roll out a number of substantial initiatives in 2026. According to the plan, the tonnage coverage of the light commercial vehicle line will be extended upward from the current 3.5 tons to 12 tons, achieving full coverage of the medium‑ and light‑truck segments. Moreover, the newly developed products will be launched simultaneously in global markets.

　　Meanwhile, in mid‑2026, BYD will hold an annual launch event focused on truck technologies, and at the IAA Transportation 2026 in Hanover, Germany, in September, a series of brand‑new heavy‑duty truck models compliant with the latest European regulatory standards will also make their official debut.

　　In the road passenger transport sector, the C‑series products, equipped with the e‑Bus 3.0 platform and the DiSus intelligent body control system, will be promoted to global markets after completing certification.

　　Overseas, as vehicle parc grows, after‑sales service becomes a key competitive differentiator. In October 2025, BYD established its first service centre in Europe covering battery repair, upgrades, and full‑life‑cycle management—the first time a Chinese brand has set up such an in‑depth battery service system overseas. This centre will provide stronger confidence assurance for European customers in 2026.

　　From early‑stage single‑point breakthroughs to the current closed‑loop ecosystem encompassing R&D, production, sales, and after‑sales service across major global markets, BYD Commercial Vehicles' development path reflects the broader transformation of China's new energy commercial vehicle sector—from product exports to systematic capability exports. It also offers a reference model for Chinese commercial vehicle brands going global: maintain strategic focus, deepen the technology base and service system, and translate product advantages into lasting brand recognition.