BYD at a Crossroads: First Earnings Decline in Four Years Shakes the EV Giant

The Chinese automotive giant BYD, long a symbol of the rapid growth of electric mobility, is at a crossroads. For the first time in four years, the company had to accept a decline in earnings for the fiscal year 2025. The numbers released on Friday evening reflect a turbulent year in which the group struggled with weakening domestic demand and a relentless price war in the world's largest automotive market. While revenues for the entire year increased slightly by 3.5% to around CNY 804 billion, net earnings plunged by 19% to CNY 32.62 billion. Particularly...