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BYD leads Chinese automaker selloff on weakening sales
BYD’s January sales dropped 30.1% due to weak demand for plug-in hybrids and domestic competition, extending a five-month decline despite global expansion efforts.
- On Sunday BYD, the Chinese electric vehicle maker, reported January sales fell 29.1%, selling 210,051 vehicles globally.
- Amid tough domestic competition, plug-in hybrids which account for more than half of BYD's sales fell 29.1% in January, prompting upgraded hybrid models last month.
- Production fell 29.1% in January, extending losses since July last year, while NEV exports reached 100,482 units.
- To offset domestic weakness, BYD is expanding with a new EV plant in Hungary expected this year, plus facilities in Brazil and Thailand and planned plants in Indonesia and Turkey.
- Despite meeting a revised 4.6 million target in 2025, BYD has not explained the downward revision and is yet to announce a 2026 target, after a 150.7% surge abroad helped it unseat Tesla.
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China’s largest electrified car manufacturer, BYD, chains five months of declines in sales and kicks off the year with a crash of 30%
BYD leads Chinese automaker selloff on weakening sales
Shares of BYD Co Ltd sank to their lowest level in at least a year on Monday, leading a broader selloff in Chinese automaker stocks after they reported weaker sales in January as a revised subsidy scheme weighed on budget car brands.
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Has BYD already peaked? Chinese giant records fifth straight monthly sales decline on hybrid and electric cars as competition from rivals like Chery, Geely, XPeng and Zeekr gets tougher
China’s BYD experienced its fifth straight month of global sales decline in January as it deals with mounting...
Bad figures at BYD: The Chinese e-car manufacturer is selling almost a third less than a year earlier this January. It's already the fifth weakening month in a row.
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Total News Sources41
Leaning Left8Leaning Right3Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 22%
R 21%
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