US EditionChina's BYD Reports Biggest Quarterly Profit Fall in over Four Years
BYD’s 33% Q3 profit drop reflects intense domestic price competition and weaker demand despite a 160% surge in overseas sales, mainly in Europe, the company said.
- China's BYD reported a 32.6% year-over-year decline in net profit to 7.8 billion yuan for the third quarter of 2025, its biggest quarterly profit fall in over four years.
- BYD's revenue dropped 3.1% year-on-year to 195 billion yuan, the first such decline in more than five years.
- The carmaker faces tougher competition in China's EV market from Geely and Leapmotor, with its domestic market share dropping to 14% in September from 18% a year earlier.
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68 Articles
Tesla’s biggest rival in China reported a big profit decline once again
Tesla’s biggest rival in China reported a big decline in its profitability for the second straight quarter, and a loss of one-third compared to the same quarter last year. BYD overtook Tesla as the best-selling EV maker in China in the fourth quarter of 2023, finally surpassing the company in terms of sales in the region. Is Tesla really losing to BYD, or just playing a different game? The Chinese market is one of the most competitive in the wor…
Weak demand in China and strong price reductions have led to a fall in the profit of BYD, an electric car manufacturer, in the third quarter.
ABC FOX Montana
Chinese EV giant BYD says Q3 profit down 33%
Chinese electric vehicle giant BYD said on Thursday its third-quarter profit had slumped by 33 percent year-on-year, with sluggish domestic consumption piling pressure on the carmaker as it looks to expand overseas.
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