BYD’s four-year profit run ends, eyes global markets as next engine of growth
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BYD, China's leading EV manufacturer, experienced its first annual profit decline in four years, reporting a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, an 18.97% decrease from the previous year. This profit drop is attributed to increased competition in the Chinese domestic market. Despite the profit decline, revenue grew 3.46% to 803.9 billion yuan, and vehicle deliveries increased to 4.6 million units. To counter slowing domestic growth and improve profit margins, BYD is now focusing on expanding into global markets, aiming for 1.3 million overseas sales in 2026. The company hopes that higher profit margins and increased sales outside of China will boost overall profitability.
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AI-ExtractedOverseas deliveries rose 151 per cent to just over 1.05 million units
Revenue grew 3.46 per cent to 803.9 billion yuan.
Net profit for 2025 was 32.6 billion yuan (US$4.72 billion), down 18.97 per cent from a year earlier.
BYD posted its first annual profit drop in four years.
BYD is targeting 1.3 million overseas sales this year, up about 24 per cent from 2025.
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