Thursday, 30 October, 2025
BYD Q3 Profit Slumps 33% Amid Price War Pressure
Chinese electric vehicle (EV) giant BYD reported a significant drop in its third-quarter performance, with net profit falling 33% year-on-year to 7.8 billion yuan (around $1.1 billion). This marks the company's second consecutive quarterly decline, which analysts attribute to fierce competition and ongoing price wars in the cutthroat domestic Chinese EV market.
Read full story at Economic Times