BYD profit sinks 55.4% to $599 million as revenue falls 11.8%, the biggest drop in six years

China’s BYD is facing its worst quarterly profit fall since 2020, according to its Q1 2026 earnings report released on Tuesday. The report shows that the Chinese-backed EV maker’s net profit dropped 55.4% from a year ago to 4.1 billion yuan, or about $599.46 million, amid weaker sales in China and increased competition. BYD’s revenue […]