BYD profits drop by over half amid Chinese sales slowdown
Fast facts
- Category: Business
- Language: EN
- Published: 2026-04-28 06:59 UTC
- Sources: Financial Times
Chinese electric vehicle maker BYD's profits plummeted more than 50% due to slowing domestic sales growth caused by the phase-out of subsidies. The company had previously experienced years-long boom in electric vehicle sales.
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