Overview
- Net profit dropped to 7.8 billion yuan in the third quarter and revenue fell about 3% to 195 billion yuan, both missing analyst estimates.
- BYD delivered roughly 1.11 million new‑energy vehicles in Q3, down 1.8% year on year, as discounts and slower China sales weighed on margins.
- October 2025 sales totaled 441,706 vehicles, down 12% from a year earlier, and Hong Kong-listed shares fell more than 4% to HK$97.50.
- ACEA data showed BYD logged 24,963 September registrations across Europe, sharply higher year on year and narrowing its gap with Tesla.
- The company is cutting its 2025 sales target to 4.6 million vehicles and pressing ahead with plans to double European showrooms by 2026 and localize production by 2028.