# Chinese electric vehicle maker BYD's quarterly profit fell at its fastest pace since 2020.

*semiconductor · news · 2026-04-28 · CNA*

## Key points

- BYD's first-quarter net profit fell 55.4% year-on-year to 4.1 billion yuan.
- BYD's revenue declined for a third consecutive quarter, falling 11.8% in Q1 to 150.2 billion yuan.
- BYD's overall sales dropped for a seventh consecutive month in March despite strong overseas growth.
- BYD is intensifying focus on ultra-fast charging technology to attract petrol car owners.
- BYD launched pre-sales for the Datang SUV, entering the higher-end segment to challenge European brands.

**Companies:** BYD, Geely, Leapmotor
**Countries:** China

[Read the full story on CNA](https://www.channelnewsasia.com/business/byd-quarterly-profit-falls-china-sales-6086321)

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