证券代码：002594 证券简称：比亚迪 公告编号：2026-003 比亚迪股份有限公司 2026年2月产销快报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 注：本公司 2026 年 2 月出口新能源汽车合计 100,600 辆； 本公司 2026 年 2 月新能源汽车动力电池及储能电池装机总量约为 18.773 GWh，2026 年累计装机总量约为 38.960 GWh。 务请注意，上述产、销量数字未经审核，亦未经本公司审计师确认，或会予以调整并有待最终确认。本公司刊发财务业绩后，股东及 潜在投资者务必详阅。 单位：辆 产量 销量 项目类别 本月 去年同期 本年累计 去年累计 累计同比 本月 去年同期 本年累计 去年累计 累计同比 新能源汽车 175,280 334,124 407,638 661,988 -38.40% 190,190 322,846 400,241 623,384 -35.80% -乘用车 172,525 329,211 400,360 653,022 -38.70% 187,782 318,233 393,300 614,679 -3 ...

Group 1 - BYD's passenger car sales in February 2026 were 187,782 units, a year-on-year decline of 36.00% [1] - The sales of pure electric passenger vehicles were 79,539 units, down 35.00% year-on-year, while plug-in hybrid vehicle sales were 108,243 units, down 36.70% [1] - Plug-in hybrid models accounted for approximately 57.6% of BYD's passenger vehicle sales, indicating their continued importance in the sales structure [1] Group 2 - Total sales of BYD's new energy vehicles in February reached 190,190 units, reflecting a year-on-year decrease of 35.80% [1] - In the overseas market, BYD exported a total of 100,600 new energy vehicles in February [1] - The total installed capacity of new energy vehicle power batteries and energy storage batteries in February was approximately 18.773 GWh, with a cumulative total of about 38.960 GWh for the first two months of 2026 [1] Group 3 - Leap Motor delivered 28,067 units in February, representing a year-on-year growth of approximately 11% [1] - Li Auto delivered 26,421 units in February, with a historical cumulative delivery of 1,594,304 units [1] - NIO delivered 20,797 units in February, showing a year-on-year increase of 57.6% [1] Group 4 - GF Securities highlighted the performance of BYD's Qin PLUS and Tang models, noting the strong market share of the Sea Lion 06 and Galaxy A7 since their launch [2] - China Galaxy Securities anticipates a recovery in market demand as the first A-level auto show in Beijing approaches, with several flagship new models expected to launch in the first half of 2026 [2]

BYD Co. reported a 41% drop in vehicle sales for February, after a record-long Lunar New Year holiday brought production and retail activity in China to a near standstill for much of the month https://t.co/lSNME31tKf ...

Group 1 - The core point of the article is that BYD Company Limited (01211.HK) reported its sales and production figures for February 2026, highlighting significant growth in electric vehicle sales and battery installations [1] Group 2 - In February 2026, the total sales of new energy vehicles reached 190,190 units, contributing to a cumulative sales total of 400,241 units for the year [1] - The company exported a total of 100,600 new energy vehicles in February 2026 [1] - The total installed capacity of new energy vehicle power batteries and energy storage batteries in February 2026 was approximately 18.773 GWh, with a cumulative installed capacity of about 38.960 GWh for the year [1]

Investment Rating - The report maintains a positive outlook on the automotive industry, particularly in AI applications and new energy vehicles, recommending companies such as Xiaopeng, Li Auto, and BYD [2][6]. Core Insights - Xiaopeng's VLA 2.0 is expected to enhance its position in intelligent driving, while BYD's upcoming technology release aims to address winter driving challenges, reinforcing its competitive edge across its product range [2]. - The report highlights the increasing penetration of new energy vehicles and the potential introduction of a "mileage tax" in response to rising fiscal deficits due to the integration of road maintenance fees into fuel taxes [2]. - The automotive market in China saw a significant increase in retail sales, with an average of 41,000 vehicles sold daily in early February, marking a 54% year-on-year growth [2][47]. Industry Updates - The report notes a rise in raw material prices for both traditional and new energy vehicles, with the traditional vehicle raw material index increasing by 1.3% week-on-week and decreasing by 1.5% month-on-month, while the new energy vehicle index rose by 5.7% week-on-week and fell by 1.9% month-on-month [2]. - The automotive industry index rose by 0.79% over the week, underperforming compared to the Shanghai Composite Index, which increased by 1.08% [14]. - A total of 168 automotive stocks rose, while 98 fell, with the largest gainers being Weifu High-Technology, Tianrun Industrial, and Lizhong Group, which saw increases of 22.4%, 21.7%, and 14.7%, respectively [19]. Market Conditions - The report indicates that the automotive industry is transitioning from price competition to value competition, with companies like BYD and Zeekr focusing on technology and brand strength [4]. - The Southeast Asian market for new energy vehicles is expected to grow, with Chinese brands maintaining a market share of 72%-78%, despite some fluctuations in individual brand performance [3]. - The report predicts significant growth for several brands in the Southeast Asian market in 2026, with Chery expected to see a 182% increase in sales, while BYD is projected to maintain its leading position with a 35% growth [5]. Important Events - The report discusses the implications of the recent safety standards for car door handles following a high-profile accident, which may lead to design adjustments across the industry [10][11]. - The introduction of the Helix 02 AI system is expected to enhance the capabilities of humanoid robots, potentially impacting the robotics sector positively [8][9]. Stock Performance - The automotive sector's price-to-earnings ratio stands at 30.13, ranking it 20th among all sectors, indicating a relatively low valuation compared to the broader market [15]. - The report highlights upcoming stock unlocks for several companies, which may influence market dynamics [23].

Group 1 - The core viewpoint of the article highlights BYD's significant growth in the production and sales of new energy vehicles (NEVs) in February 2026, with production reaching approximately 175,300 units and sales around 190,200 units, marking a year-on-year increase of 15.27% [1] - In the first two months of 2026, the company produced about 407,600 NEVs and sold approximately 400,200 units, indicating strong demand and production capabilities [1] - BYD exported a total of 100,600 NEVs in February 2026, showcasing its expanding international market presence [1] Group 2 - The total installed capacity of BYD's new energy vehicle power batteries and energy storage batteries in February 2026 was approximately 18.773 GWh, contributing to a cumulative installed capacity of about 38.960 GWh for the year [1]

Group 1 - The core viewpoint of the article highlights BYD's significant growth in the production and sales of new energy vehicles (NEVs) for February 2026, with production reaching approximately 175,300 units and sales around 190,200 units, marking a year-on-year increase of 15.27% [1] - In the first two months of 2026, BYD's NEV production totaled approximately 407,600 units, while sales were about 400,200 units [1] - The company exported a total of 100,600 NEVs in February 2026 [1] Group 2 - BYD's total installed capacity for power batteries and energy storage batteries in February 2026 was approximately 18.773 GWh, with a cumulative installed capacity of about 38.960 GWh for the year [1]

Group 1 - BYD experienced a significant decline in global vehicle sales, with February sales dropping by 41.1% year-over-year, marking the largest decrease since February 2020 [1] - This decline represents the sixth consecutive month of falling sales for BYD, indicating a troubling trend for the company [1] - The reported sales figures reflect the most substantial downturn in the company's performance in six years, raising concerns about its market position and future growth prospects [1]

Group 1 - The core viewpoint of the article highlights BYD's target to achieve sales of 190,190 electric vehicles by February 2026 and the export of 100,600 electric vehicles in February [1] - In February, the total installed capacity of new energy vehicle power batteries and energy storage batteries reached approximately 18.773 GWh [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概 不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 比 亞 迪 股 份 有 限 公 司 BYD COMPANY LIMITED （在中華人民共和國註冊成立的股份有限公司） （股份代號：01211（港幣櫃台）及：81211（人民幣櫃台）） 網站：http://www.bydglobal.com 自願公告 2026年2月產銷快報 此乃比亞迪股份有限公司（「本公司」）作出的自願公告。 本公司董事會謹此宣佈，本公司於2026年2月產、銷量詳細如下（單位：輛）： | | | | 產量 | | | | | 銷量 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 項目類別 | 本月 | 去年同期 | 本年累計 | 去年累計 | 累計同比 | 本月 | 去年同期 | 本年累計 | 去年累計 | 累計同比 | | 新能源汽車 | 175,280 | 334,124 | 407 ...