Overview

• In May, BYD delivered 382,476 new energy vehicles—its best month of 2025—boosted by a record 89,000 units sold overseas, lifting first-five-month sales to 1.76 million, up 39% year-over-year.
• The automaker denied reports of cutting EV output at Chinese plants, with a BYD-linked source telling CnEVPost that production remains stable and dealer inventory is at a reasonable level.
• Automotive News and Reuters sources say BYD cancelled night shifts at some factories, reduced capacity by up to one third at select sites and paused new assembly lines following slower than expected growth in China’s home market.
• China Automotive Dealer Association data shows BYD dealers held an average 3.21 months of stock in May—nearly double the industry average—after the company slashed prices by up to 34% on key models.
• Despite mixed reports on production, BYD reaffirmed its goal of selling around 5.5 million vehicles in 2025, aiming for nearly 30% growth over last year.