Why are BYD and Geely expected to see increased EV demand amid the Iran conflict?

BYD and Geely are expected to benefit from higher demand for electric vehicles as the Iran war drives up oil prices, making EVs more attractive due to electricity’s steadier pricing compared to volatile oil costs; Bloomberg Intelligence noted that overseas sales growth will become a bigger priority for Chinese automakers this year as a result.

What does Bloomberg Intelligence project for BYD's full-year vehicle volume in 2026, and what factors support that outlook?

Bloomberg Intelligence projects BYD’s full-year vehicle volume will rise 50% to 1.5 million units from 2025, supported by surging oil prices, stronger EV and battery exports, and a domestic recovery driven by a new model cycle.

BYD, Geely Anticipate Increased EV Demand as Oil Prices Climb Amid Iran Conflict

Apr 23, 2026

Chinese automakers BYD and Geely anticipate increased EV demand driven by rising oil prices due to the Iran conflict, while Hindustan Unilever faces potential input cost pressures.

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BYD, Geely Anticipate Increased EV Demand as Oil Prices Climb Amid Iran Conflict

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