BYD Profit Drop Signals Intensifying China EV Price Pressure as Overseas Push Accelerates
BYD reported a steep year-on-year decline in first-quarter profit and a third straight quarter of revenue contraction, reflecting weaker domestic sales momentum and tougher competition in China’s mass-market EV segment. The company is leaning on overseas expansion, ultra-fast charging technology, and higher-end product launches to defend growth and rebuild margins.