BYD’s Record Sales Mask Underlying Domestic Challenges

BYD’s latest monthly sales figures present a complex picture for investors. While the Chinese electric vehicle giant achieved a new monthly high for 2025, a deeper analysis reveals significant pressure points in its home market, compounded by a major vehicle recall.

In November, BYD reported sales of 480,186 New Energy Vehicles (NEVs), marking an 8.7% increase from October and the company’s strongest monthly performance this year. However, this headline figure obscures a concerning trend: sales actually fell by 5.25% compared to the same month last year.

This November result represents the third consecutive month of year-over-year declines, signaling a potential end to the era of hyper-growth within Read more...