BYD Stock Rebound Gathers Pace as Oil Shock Drives EV Sales Boom

The assembly line at the BYD Co. factory in Zhengzhou, Henan province, China.Photographer: Qilai Shen/Bloomberg

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By Charlotte Yang

March 26, 2026 at 11:10 PM UTC

Updated on

March 27, 2026 at 2:09 AM UTC

BYD Co. shares are on track for their best month in over a year, as surging oil prices due to the Iran war brighten the outlook for electric vehicle sales.

The Hong Kong-listed stock is up nearly 12% in March, one of the top performers on the Hang Seng Tech Index along with EV peers Nio Inc. and Zhejiang Leapmotor Technologies Ltd. The sector had slumped in recent months on worries over sluggish demand and tough price competition in China.