Mar. 27 at 2:21 PM
BYD reported a 19% drop in net profit for 2025, totaling 32.6 billion yuan (~
$4.7B), as intensifying competition in China’s EV market weighed on margins.
Despite weaker profitability, revenue rose 3.5% year-over-year to 803.9 billion yuan (~
$116.5B), after previously surpassing Tesla in annual sales. The company attributed the mixed performance to macroeconomic headwinds and heightened domestic rivalry.
BYD emphasized that it continues to strengthen its competitiveness through investment in core technologies, maintaining leadership in China while also delivering strong growth in international markets.
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