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BYD's China Sales Halve Amidst Six-Year Record Decline
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BYD Faces Steepest Sales Drop in 6 Years, China Sales Halve Amid Fierce Competition
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CNBC Awaaz
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03-03-2026, 12:38
BYD Faces Steepest Sales Drop in 6 Years, China Sales Halve Amid Fierce Competition
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BYD's February sales plunged 41.1%, the largest decline since February 2020, marking the sixth consecutive monthly drop.
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Domestic sales in China plummeted 65% in February, with Geely surpassing BYD as the top carmaker.
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Despite domestic struggles, BYD's overseas shipments remained strong, with 100,600 vehicles sold abroad in February.
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BYD launched a seven-year low-interest financing plan and plans major tech innovations to combat intense competition and narrowing technology gaps.
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BYD and Geely are reportedly vying to acquire a Nissan-Mercedes-Benz plant in Mexico to strengthen their manufacturing base.
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