BYD Company Limited, China’s largest automaker, reported a significant decline in January 2026 sales, with 210,051 new-energy vehicles sold, representing a drop of 30.1% compared to January 2025. This marks the fifth consecutive month of sales decline, driven predominantly by a sharp decrease in passenger vehicle sales. The total sales included 205,518 passenger vehicles and 4,533 commercial vehicles, indicating widespread weakness across key segments.
Exports contributed nearly half of BYD’s sales, with 100,482 vehicles shipped overseas, highlighting the importance of international markets amid a challenging domestic landscape. The company also reduced its 2026 export target from 1.5 million to 1.3 million vehicles, as production fell by 29.1% compared to the previous year. These figures reflect ongoing challenges for BYD as competition in the electric vehicle market intensifies.
