Hyperdrive

BYD Sales Decline on Intense Competition in China EV Market

BYD Co. electric vehicles on display at one of the company's showrooms in Shanghai.
Photographer: Qilai Shen/Bloomberg

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By Linda Lew

October 1, 2025 at 12:14 PM UTC

Updated on

October 2, 2025 at 2:29 AM UTC

Electric vehicle juggernaut BYD Co.’s monthly sales fell for the first time in more than 18 months even as the company’s domestic rivals reported strong gains amid fierce competition in the Chinese market.

Shipments in September declined 5.5% from a year earlier to 396,270 units, marking BYD’s first contraction since February 2024. Excluding fluctuations around the Lunar New Year holiday, it would be the first fall in shipments since 2020, when Covid disrupted supply chains and daily lives.