Chinese EV maker’s 2025 net income falls 19% amid cooling demand, aging lineup
BYD cars are displayed at the Bangkok International Motor Show on March 23. The Chinese automaker’s revenue rose 3% in 2025, its slowest pace in six years. (Photo by Ken Kobayashi)
HONG KONG — China’s top electric vehicle maker BYD recorded a 38% slump in fourth-quarter net income versus a year earlier, marking its third consecutive quarterly profit drop as it grapples with sluggish domestic demand and an aging product lineup.
