BYD’s global sales plunge 20% in October

China’s largest automaker, BYD, reported a 20% year-on-year plunge in global vehicle sales to 429,808 units in October, down from 536,134 units a year earlier, marking a sharp deterioration in the company’s market performance.

Growth in sales of battery electric vehicles (BEVs) slowed sharply last month, rising by just over 6% to 219,382 units, while sales of plug-in-hybrid vehicles plunged by over 37% to 204,792 units. The company sold a further 5,634 commercial vehicles during the month, up by 164% year-on-year.

BYD’s global vehicle sales were still up by over 10% to 3,643,377 units in the first ten months of the year, reflecting mainly a strong performance in the first half of the year. This includes a 30% increase in battery electric vehicle sales to 1,797,558 units, while sales of plug-in-hybrid vehicles fell by almost 6% to 1,798,082 units. The company also sold 47,737 commercial vehicles globally year-to-date, up almost fourfold year-on-year.

BYD reported a 33% year-on-year drop in net profits to CNY 7.8 billion (US$1.1 billion) in the third quarter of 2025, the second consecutive quarterly decline, reflecting strong price competition in its domestic market and overseas.

Revenues fell by 3% to CNY 195 billion in the third quarter, while global vehicle sales fell by 1.8% to 1,114,192 units – marking the first year-on-year decline in over four years. In the first nine months of the year, revenues increased by 12.7% to CNY 566 billion, while net profits fell by 7.5% to CNY 23.3 billion.

"BYD’s global sales plunge 20% in October" was originally created and published by Just Auto, a GlobalData owned brand.

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