BYD posts weakest sales growth in five years on headwinds at home

Reuters
2026.01.01 11:31
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BYD's sales growth slowed to 7.73% in 2025, the weakest in five years, amid rising local competition and a decline in technological leadership. December sales dropped 18.3%, marking the largest monthly decline in nearly two years. For the year, total sales reached 4.6 million units, meeting a reduced target after a 16% cut due to weakened domestic demand. Chairman Wang Chuanfu indicated that major innovations are expected in 2026.