31 Oct 2025

🚨 BYD’s profits just dropped 33% in Q3 — and it’s a wake-up call for China’s EV giant.

For years, BYD has been the unstoppable force in electric vehicles — outpacing Tesla in global sales and setting records for innovation in battery and autonomous tech. But the latest numbers tell a different story 👇 📉 Q3 profit: RMB 7.8B (~$1.1B) 📉 Down from: RMB 11.6B last year 📉 Below analyst expectations: RMB 9.6B 📈 Still up from Q2: RMB 6.36B So what’s happening? Beijing’s recent crackdown on price wars and supplier payment practices has cooled the once red-hot EV market. The aggressive domestic competition that fueled BYD’s growth is now under scrutiny — and that’s forcing the company to look overseas faster than ever. Earlier this year, BYD’s stock hit record highs after breakthroughs in charging and driverless tech. But since May, shares have fallen more than 30%. 🌍 The takeaway: China’s EV boom is maturing. The next phase of the race won’t be about who can build cheaper — it’ll be about who can go global, profitably. Source: FT

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