# Net income fell 55% to 4.08 billion yuan ($597 million) in the three months ended March 31.

*business · news · 2026-04-28 · NDTV Profit*

## Key points

- BYD's quarterly profit dropped 55% to its lowest level in over three years.
- Overseas sales surged 50% in Q1, now making up 45% of BYD's deliveries.
- BYD received over 30,000 pre-orders in 24 hours for its new Great Tang SUV.
- The new Great Tang SUV features BYD's latest blade battery with a 1,000-kilometer range.
- BYD's Q1 discounts reached their highest level in two years, eroding per-car profit.

**Companies:** BYD Co., Xiaomi Corp., Geely Automobile Holdings Ltd.
**Countries:** China

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/world/byd-quarterly-profit-drops-to-lowest-in-years-amid-price-war-11420763)

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