Damo: Chinese car companies' overseas sales contribution increases, and BYD shares (01211) Brazil account for a record high

The Zhitong Finance App learned that Morgan Stanley released a research report saying that Brazil, Australia and Russia continue to be key overseas markets for Chinese OEM car manufacturers. Among them, BYD shares (01211) have now reached 11% in Brazil. The market share in the first eight months of this year rose to 9.6% from 5.6% in 2025. The Brazilian, Australian, Indonesian and Mexican markets together accounted for 54% of BYD's overseas sales in August.

Damo pointed out that the growth in the European market was also remarkable. The European market accounted for about 30% of BYD's overseas sales during the year, while Geely Auto (00175) accounted for about 14%. In the first eight months of this year, plug-in hybrid vehicles (PHEVs) accounted for about 60% of BYD's sales in the EU, which is still less than 50% compared to last year, while PHEVs account for about 50% of Geely's sales in the EU.

In addition, Great Wall Motor (02333) in August Russia, Brazil and Australia together accounted for 72% of overseas sales; in the first 8 months of this year, the Russian market accounted for 15.1%, compared to 14.5% in 2025. For Xiaopeng Group-W (09868), Europe and Southeast Asia are still key markets, accounting for 82% of overseas sales in August.