BYD’s workforce dropped by approximately 100,000 employees, or 10%, reducing total headcount to 870,000, due to restructuring, efficiency improvements, and cost management rather than weaker demand (31/03).

The reduction reflects the company’s focus on operational efficiency as the next stage of electric vehicle (EV) competition.

BYD 2025 Revenue Hits Record $1,123 Billion

The automaker reported revenue of 8039.6 billion yuan (1,123 billion USD) for 2025, alongside 4.60 million vehicle deliveries, according to the NBD.

Overseas deliveries reached around 1.05 million units, marking the first time BYD surpassed the 1-million-unit export milestone, as reported by Sina.

Profit Declines Amid Pricing Pressure and Continued R&D Investment

Net profit for 2025 totaled 326.2 billion yuan (45.6 billion USD), down roughly 19% year on year. The decline was attributed to domestic pricing pressure in the new energy vehicle (NEV) market and ongoing investment in vehicle and battery technologies. R&D spending remained at 634 billion yuan, supporting electrification, battery systems, and charging infrastructure despite tighter profit margins.

Blade Battery 2.0 and Flash Charging 2.0 Support International Growth

On March 5, 2026 (05/03), BYD launched Blade Battery 2.0 with Flash Charging 2.0, which allows charging from 10% to 70% in about 5 minutes and from 10% to 97% in 9 minutes under standard conditions.

The company also raised its 2026 export target to 1.5 million vehicles, a 15% increase from its earlier goal, highlighting its strategy to expand international sales amid domestic competition.

Domestic NEV Market Shows Short-Term Fluctuations

Domestic NEV sales fell 41% in February 2026 (02/26), mainly due to seasonal factors tied to Chinese holidays.

The decline occurred before the rollout of Blade Battery 2.0, indicating short-term demand fluctuation rather than structural changes. Expanded charging infrastructure and next-generation battery technology are expected to stabilize demand in the coming months.

PHOTO: GOAUTONEWS

This article was created with AI assistance.

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