BYD Sealion 7 2026 News

Chinese electric superstar brand BYD experienced a sales slump in 2025 and there’s no sign of it stopping in 2026.So, does this mean the carmaker that rose to popularity with such spectacular speed will come hurtling back down again? Not at all.It might seem a little delayed but the final 2025 financial figures are in for planet Earth and BYD has reported a net profit that’s down by 19 per cent compared to 2024. The naysayers are out in force calling it the beginning of the end for the relatively new electric brand, which shot to success so quickly.  For Australians, BYD seemingly appeared out of nowhere in 2022 with the Atto 3 small SUV with the words Build Your Dreams emblazoned across its tailgate. At the time Tesla was the king of EVs, with the Model 3 being bought in such large numbers even locally that for the first time in 28 years the Toyota Camry was knocked off its best-selling-sedan throne. A decade earlier back in 2011 Tesla owner Elon Musk reportedly laughed at the mere suggestion that BYD, the small company that had gone from battery manufacturer to car maker, could possibly ever be a threat. Then in 2024 BYD was crowned the world largest electric car maker, toppling Tesla.BYD’s total number of cars sold for 2024 was 4.27 million, of which 1.77 million were pure EVs beating Tesla by only 4000 units. But a win is a win. The big sales saw BYD rake in A$164b in revenue for 2024, which once the bills were paid resulted in a net profit of $8.5b.Now the 2025 results are in and net profit is $6.9b this time. There’s your 19 per cent drop on 2024. So yes sure, net profit is down, and looking at that bottom line alone might suggest things are going backwards for the brand, but the actual total number of EVs sold by BYD globally was 2.25 million. That’s a 27.9 per cent increase on 2024.BYD’s revenue for 2025 was $168.6b, so up 3.5 per cent on 2024. While not a huge increase it is a slow down and that can be attributed mainly to competition from competitors in China.Geely is BYD’s biggest nightmare.BYD has been lightning fast to develop, produce and bring an array of new models to market, but Geely has the power that comes with the colossal size and resources of a company with many subsidiaries. Much like Volkswagen, giant Geely can draw on a number of its brands from Polestar to Zeekr, and even Geely itself, to take on the smaller BYD.To say that China’s car market is competitive is an understatement. So fierce is the price war between brands in China that the government had to release a statement warning car makers that the low offers and incentives being made to entice buyers weren’t sustainable.  Just to drive home how seriously close the entire market is flirting with disaster, at the start of this year eight percent of dealerships in China were found to sell vehicles 26 per cent under the whole sale price on average. BYD is understood to engage in such practices along with other brands to increase their market share. The government is clamping down on the practices and it's believed the market is now correcting itself.Domination of the local Chinese market vital for BYD, but it knows true success is also being a big player around the world, with the brand stating it hopes to be within the top 3 car brands for Australia in 2026. There are signs it could be well on the way to achieving that goal with BYD selling 5001 cars in January and 5323 in February in Australia, which has it in sixth place of overall sales this year.Globally, however, the first two months have shown a decline in BYD’s sales. In March Reuters reported BYD’s sales had fallen 41 per cent in February compared to the same time in 2025. This could be a result of the Chinese market and the correction taking place.So, it’s far from all over for BYD, the brand is well on the way to establishing itself in Australia and given the sky rocketing fuel prices due to the war in Iran, it's in an excellent position to grow further with alternatives to pure combustion powered vehicles. 

Will the current war in Iran mean a ban on petrol and diesel vehicles? My view is no, it won’t directly cause a ban on combustion cars. But the ban is still coming and the Middle East conflict will fastrack it. For starters a date has already been set for ban on petrol and diesel cars in the United Kingdom, where from 2030 sales of new vehicles with combustion engines will cease. The European Union has a 2035 ban but previous to the Iran war this was watered down.China, which in February was our main source of vehicles, is also focused on building and developing electric cars.As for Australia, only the ACT has set a goal of phasing out the sale of new combustion powered cars by 2035.That could all change now and by this I mean be fastracked.Until now the reasons for switching to electric vehicles were mainly ethical and environmental, with emissions and cleaner air being the carrot. The problem is nobody really  wants to eat a carrot, even if it’s good for us. But faced with the prospect of not eating at all because the weekly fuel bill for two cars is now $300 and the price of groceries is going up because of the soaring cost of transport, that really changes things.Interest in electric vehicles has never been this strong. We can see it in real time by the traffic coming to carsguide.com.au and we know our competitors are witnessing the sharpening of this focus on EVs, too.Towards the start of 2025 there had been a slow down in global interest in EVs and a renewed take up of hybrids. The price premiums attached to electric cars, the limited driving range and lengthy charging times were to blame, but all things early adopters, and even slightly later ones, were willing to endure. The rest of the car buyers were too put off by the downsides of EVs and stuck with the convenience and familiarity of petrol or perhaps bought a hybrid. But now the price of convenience appears to be reaching a point where suddenly an EV sounds like a good idea. At the time of writing 95 RON premium unleaded was $2.70 per litre. An increase of about $1 per litre or 60 per cent in the space of a month. The prohibitive cost now of petrol combined with the looming threat of Australia running out of it in less than three weeks, plus reports of servicing stations already running dry now make an electric car suddenly seem like not such a bad idea after all, even to the most hardcore fans of fossil fuels.The problem is bigger than just consumers not being able to afford petrol, it’s the soaring cost of goods, which are distributed through Australia’s enormous freight network that relies on diesel.The Australian government is responsible for setting such low minimum fuel reserves all in the name of a free market. The current situation could see it either mandate that the industry maintain a higher level or reduce the risk entirely of being held hostage like this again and ban petrol and diesel car sales in favour of electric ones, which can be powered by a fuel we can produce ourselves.The second option wouldn’t be the choice of the $6 trillion-a-year global oil and gas industry. And an industry that’s worth that much has enormous sway.But then the collapse of entire economies wouldn’t be the choice of most governments.Decoupling from oil and gas is impossible in less than 50 or even 100 years. Whether we like it or not the industry pervades every part of our lives. Killing the industry would also see the collapse of entire economies.Plenty of car companies are ready for electric vehicles, especially new Chinese brands, but for many vehicle manufacturers EVs are a side hustle.This scenario play into the hands of new electric brands such as Zeekr with the 7X mid-szied SUV, BYD with the Sealion 7 SUV and even the established Koreans such as Kia with the EV3 small SUV.Does it mean the end of diesel SUVs such as the LandCruiser? Possibly, unless Toyota has an electric version up its sleeve ready to be pulled out in the next 10 years.So what you'll probably see is the EU and UK setting new firm deadlines for the discontinuation of sales for new cars with combustion engines at about 2035 or sooner. Australia will likely follow suit.Industry, freight and agriculture will be exempt until hydrogen infrastructure is in place and that will take much longer.What we may see in the short term is a temporary ban on the use of petrol and diesel passenger cars in order to preserve fuel stock for industry, freight and vital services such as emergency vehicles. That’s a real possibility if the war moves into an uncontrolled phase.So while the permanent ban of new petrol and diesel cars won’t be directly caused by the Iran war, it will be a catalyst for the ban. In the meantime, it’s probably wise anyway to purchase an EV anyway and provide a bit of security and future proofing for your own household, not to mention saving thousands in fuel bills each year.

The electric vehicle space in Australia continues to grow, with another competitor joining the battle imminently in the Hyundai Elexio.The Elexio will be Hyundai’s first car on sale in Australia which has been built in China, and it brings with it an important test for the brand’s future EV strategy. It will have to take on the three best-sellers of the electric SUV segment, including the top-selling Tesla Model Y along with the BYD Sealion 7 and Kia EV5.The Elexio will have to beat the best to be the best, so here is how it sizes up to its competitors, at least on paper.  The Elexio lands in Australia with an attractive introductory drive-away offer of $59,990, which is available until the 31st of March. From that point it is expected a cheaper entry-level variant of the Elexio will arrive in Australia, for around a similar starting price. The up-spec Elexio for under $60k appears to be a competitive deal compared to the base variants of its rivals, but when the drive-away deal expires, it will be the most expensive of the four, possibly more equivalent to higher-grade versions of each.It may be a different story when the cheaper variant of the Elexio lands in time for the drive-away deal’s expiry, offering a more fair comparison. Using before on-road costs pricing, the Sealion 7 is the cheapest of the bunch at just under $55,000, while the EV5 is available from $56,770. The Model Y is only slightly more affordable than the Elexio's introductory price at $58,900 before on-roads, making it more expensive by the time you're driving it out of a Tesla delivery centre.The Elexio shares similar dimensions to the Kia EV5, but it is slightly smaller than the Sealion 7 and the Model Y. The Elexio leads the way in the important driving range category, being the only car in this comparison offering more than 500km. This is mostly due to its 88kWh battery being bigger than the rest of the pack. It is significantly larger, for example, than the entry-level versions of the EV5 (64.2kWh) and the Model Y (62.5kWh). The incoming base variant of the Elexio is expected to offer the same if not a better driving range, as it features the same 88kWh and will likely have smaller wheels. It is a tight race when it comes to charging times, with the Elexio’s being the slowest at 38 minutes for 10-80 per cent top-ups, but all these cars boast times of less than 40 minutes. While all these cars have a single electric motor, the Elexio has less power than the Sealion 7 and the Model Y and the same as the EV5, with 160kW and 230Nm. The Model Y’s 255kW and 450Nm is the best of the category. The Elexio is not yet available with the option of all-wheel drive, while the other three cars can be in higher trim levels. The Elexio currently on sale has 20-inch wheels, which are the largest in this pack. Unlike the Sealion 7 and the EV5, it features a 27.0-inch display which spans across the dashboard as opposed to having separate sections. The Tesla also differs from the Sealion 7 and the EV5, with its 16.0-inch horizontal ‘floating tablet’ central screen and no screen real estate for a dedicated digital instrument cluster. The Elexio is similarly kitted-out with wireless Apple CarPlay and Android Auto, satellite navigation and wireless phone charging capabilities. This version of the Elexio also comes with a head-up display, something which along with phone mirroring is missing from the Model Y.All four of these cars received five-star ANCAP safety ratings with high scores in all categories. The enticing but temporary drive-away deal for Elexio makes it a strong prospect for buyers in the mid-size EV segment, especially with its comparatively superior driving range. This comes at a detriment to other aspects of the car, such as the power and torque figures, which trail that of the Sealion 7 and the Model Y. Its 27.0-inch display gives the Elexio a different flavour to the rest, while it has much of the same equipment levels as its rivals here.The Elexio will have a tough time dislodging the established trio of competitors, but in a time when EV sales are ever expanding, now might be the best time to pull it off. 

High demand and the production volume to meet it has pushed two emerging challengers in the Australian new vehicle market to even greater heights in the first month of 2026.With 2025 new model additions including the Shark 6 ute, city-sized Atto 1 electric hatch and compact Atto 2 EV SUV, as well as the larger pure-electric Sealion 7 and plug-in hybrid Sealion 8 SUVs, BYD’s year-on-year sales for the month of January grew by a spectacular 640.9 per cent.In outright numbers, that’s 5001 units sold compared to 675 in the same month last year.In particular, the Sealion 7’s popularity has seemingly put the squeeze on several established medium SUV contenders like the Honda ZR-V (-15 per cent), Kia Sportage (-30.7 per cent), Nissan X-Trail (-34.2 per cent) and even the normally segment-leading Toyota RAV4 (-65.4 per cent), the latter two in run-out mode.Given the pure-electric Sealion 7’s size, specification and starting price ($54,990, before on-road costs), arguably its most direct competitor is the Tesla Model Y (from $58,900, BOC), the latter down 38.1 per cent in January, the BYD outselling it four to one (1171 units to 288).   At the same time, Chery more than doubled its January sales (+105.8 per cent), largely thanks to the ongoing success of its Tiggo 4 Pro, which comfortably led the small SUV category ahead of 2025 segment heavyweights like the Hyundai Kona, GWM Haval Jolion and MG ZS.With a starting price of $23,990, drive-away, it’s not hard to see why the Tiggo 4 Pro, easily the most affordable small SUV in the country, has made such an impact. Again, some long-standing players in this part of the market like the Mazda CX-30 (-3.9 per cent), Mitsubishi ASX (-90.9 per cent, in new model ramp-up) and Subaru Crosstrek (-22.8 per cent) took a backwards step, year-on-year.Another solid improver from China for January sales was GWM (+31.3 per cent), while other volume brands, LDV (-19.5 per cent) and MG (-16.5 per cent), declined. 

While several big name car makers walk back their all-electric plans, the suggestion that electric vehicles are yesterday’s news doesn’t tally with growing sales.Electric vehicle (EV) sales still only account for 8.3 per cent of the total market, but grew significantly in the key SUV and light commercial vehicle segments. Notably, plug-in hybrids (PHEVs) have also grown significantly in recent years and combined EV and PHEV sales accounted for more than 13 per cent of the overall market.While there is still clearly a long way to go, there are also some clear signs that Australians are slowly starting to embrace EVs as they become more diverse in both price and type. Until last year, the market was dominated by Tesla, with the American brand often accounting for more than half the total EV sales.In 2025 the Tesla Model Y remained the best-selling EV, but the BYD Sealion 7 was its closest rival and the Kia EV5 and Geely EX5 also sold in good numbers. In total there were 10 EVs in the top 100 selling vehicles last year, underlining the increasing variety that is attracting new customers.BYD is the leading in this regard with four of the most popular EVs coming from the Chinese brand, and each very different propositions appealing to different buyers. These are the Sealion 7 mid-size SUV, Atto 3 small SUV, Seal sedan and Dolphin hatch.The arrival of the $23,990 Atto 1 will open up the EV market to even more customers too, as it will be amongst the most-affordable new cars on sale this year. In many respects, this is the moment the market has been waiting for, with EVs effectively achieving price parity with conventional petrol and diesel models. While not every EV is as price-competitive as the Atto 1, the increasing cost of internal combustion engine (ICE) vehicles only helps make EVs more appealing to buyers looking to save on their fuel bill.The growth of PHEVs will only further accelerate the electric future, as the long-touted ‘bridging technology’ will introduce more motorists to electric performance, while still allowing for the ICE back-up.PHEV sales have been on a sharp upward trajectory the past two years, growing more than 130 per cent in 2025 off the back of the BYD Shark 6, BYD Sealion 6, Mitsubishi Outlander and GWM Haval H6 GT. PHEV sales are expected to grow in 2026 and beyond, as more established brands, including market-leading Toyota, join the race. This will only accelerate the electrification on Australian roads, adding to the significant volume of hybrids already sold.While there is still some way to go before EVs become a majority on the roads, a reminder they account for less than 10 per cent at present, it’s clear that despite a slowing down of interest from manufacturers, electric cars are here to stay.Best selling electric cars 2025

Prices slashed from yet another BYD.

In a milestone market share breakthrough vehicles manufactured in China accounted for one in five new cars sold in Australia in October this year.

Tesla may soon lose its best-selling EV crown to BYD.

China’s BYD has been on a cracking hot streak for months now and it doesn’t appear to be slowing down anytime soon.