Apr. 29 at 2:07 AM
Chinese automaker BYD, the world’s largest EV manufacturer, reported Q1 2026 net profit of 4.085 billion yuan (
$576 million), down 55.38% year over year amid intense domestic competition. Revenue fell 11.82% to 150.225 billion yuan (
$21.19 billion).
Net profit excluding extraordinary items dropped 49.24% to 4.148 billion yuan (
$585 million), while operating cash flow declined 67.48% to 2.79 billion yuan (
$394 million), mainly due to lower cash inflows from goods and services.
The report did not break down sales by market or directly link the profit decline to domestic demand, but results come as China’s EV sector faces heavy competitive pressure.
This follows a 2025 net profit decline of 18.97% despite higher revenue and strong overseas growth, which has become a key driver.
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