# BYD's first-quarter net profit dropped 55.4% from a year earlier to 4.1 billion yuan ($599.46 million) Revenue fell 11.8% to 150.2 billion yuan, extending a declining streak.

*business · news · 2026-04-28 · Reuters*

## Key points

- BYD's Q1 net profit dropped 55.4% year-on-year to 4.1 billion yuan.
- BYD's sales have declined for seven consecutive months despite strong overseas shipment growth.
- BYD is focusing on ultra-fast charging technology to attract drivers from petrol-powered vehicles.
- BYD launched pre-sales of its Datang electric SUV, targeting the premium segment at the Beijing auto show.
- Overseas sales are projected to grow 25-30% in 2024, but may not offset domestic weakness.

**Companies:** BYD
**Countries:** China

[Read the full story on Reuters](https://www.reuters.com/world/asia-pacific/byds-quarterly-profit-slide-fastest-six-years-2026-04-28/)

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