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BYD profit slumps 19% after record year edging Tesla off the EV throne

EuroNews · · 601 words · By Una Hajdari
open_in_new Read the original article: https://www.euronews.com/business/2026/03/27/byd-profit-slumps-19-after-record-y…

fact_checkFact-Check Results

19 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 9
help Insufficient Evidence 5
check_circle Corroborated 4
info Single Source 1
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“The Chinese electric vehicle giant posted a sharp drop in annual profit in 2025, squeezed by a brutal domestic price war — even as it outsold Tesla by more than 600,000 battery electric vehicles for the year.”
CORROBORATED
Multiple web search results report that BYD's net profit fell in 2025, and that BYD outsold Tesla by a significant margin, specifically mentioning a gap of over 600,000 units. The web search results provide consistent details regarding the profit drop and sales lead.
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wikipedia NEUTRAL — BYD Auto Co., Ltd. (Chinese: 比亚迪汽车; pinyin: Bǐyàdí Qìchē) is the automotive subsidiary of BYD Company, a publicly listed Chinese multinational manufacturing company. It manufactures passenger battery …
https://en.wikipedia.org/wiki/BYD_Auto
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wikipedia NEUTRAL — BYD Company Limited or BYD (Chinese: 比亚迪; pinyin: Bǐyàdí) is a Chinese multinational manufacturing conglomerate headquartered in Shenzhen, Guangdong, China. It is a vertically integrated company with …
https://en.wikipedia.org/wiki/BYD_Company
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wikipedia NEUTRAL — The Tesla Model Y is a battery electric compact crossover SUV produced by Tesla, Inc. since 2020. Presented in March 2019 as the company's fifth production model, the Model Y is the best-selling elect…
https://en.wikipedia.org/wiki/Tesla_Model_Y
+ 3 more evidence sources
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“Chinese electric vehicle giant BYD has posted a sharp drop in annual profit, squeezed by fierce domestic competition and a gruelling price war, even after it spent most of 2025 cementing its position as the world's biggest seller of battery electric vehicles.”
CORROBORATED
The web search results consistently report that BYD experienced an annual profit decline in 2025 due to domestic competition and price wars, while also confirming BYD's status as the world's largest EV seller.
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wikipedia NEUTRAL — The BYD Seal 06 EV (Chinese: 比亚迪海豹06EV; pinyin: Bǐyǎdí Hǎibào 06 EV) is a battery electric mid-size sedan produced by BYD Auto. A sister model of the Dynasty Series BYD Qin L EV, the model is built on…
https://en.wikipedia.org/wiki/BYD_Seal_06_EV
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wikipedia NEUTRAL — The BYD Sealion 05 EV, or the plug-in hybrid variant BYD Sealion 05 DM-i (second generation) (Chinese: 比亚迪海狮05 EV; pinyin: Bǐyǎdí Hǎishī 05 EV; lit. 'BYD sea lion 05 EV') is a battery electric compact…
https://en.wikipedia.org/wiki/BYD_Sealion_05_EV
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wikipedia NEUTRAL — The BYD Song L EV (Chinese: 比亚迪宋L EV) is a battery electric mid-size crossover SUV manufactured by BYD Auto since 2023. Part of the BYD Song family under the 'Dynasty Series' product line-up, the Song…
https://en.wikipedia.org/wiki/BYD_Song_L_EV
+ 3 more evidence sources
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“BYD's net profit attributable to shareholders fell 19% in 2025 to 32.6 billion yuan (€4.4bn), down from 40.3 billion yuan the previous year, the company said in a filing to the Hong Kong Stock Exchange on Friday.”
SINGLE SOURCE
The web search results mention profit figures for 2025, but the specific claim regarding a 19% drop from 40.3 billion yuan in 2024 to 32.6 billion yuan in 2025 is not directly and consistently corroborated by multiple independent sources. The evidence is suggestive but lacks the necessary cross-source confirmation for a 'corroborated' verdict.
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wikipedia NEUTRAL — The BYD Seagull (Chinese: 比亚迪海鸥; pinyin: Bǐyǎdí Hǎi'ōu) is a battery electric city car manufactured by BYD Auto since 2023. Positioned below the Dolphin within BYD's line-up, it is currently the small…
https://en.wikipedia.org/wiki/BYD_Seagull
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wikipedia NEUTRAL — BYD Auto Co., Ltd. (Chinese: 比亚迪汽车; pinyin: Bǐyàdí Qìchē) is the automotive subsidiary of BYD Company, a publicly listed Chinese multinational manufacturing company. It manufactures passenger battery …
https://en.wikipedia.org/wiki/BYD_Auto
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wikipedia NEUTRAL — BYD Company Limited or BYD (Chinese: 比亚迪; pinyin: Bǐyàdí) is a Chinese multinational manufacturing conglomerate headquartered in Shenzhen, Guangdong, China. It is a vertically integrated company with …
https://en.wikipedia.org/wiki/BYD_Company
+ 3 more evidence sources
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“Revenue held up better, rising a modest 3.5% to 804 billion yuan (€105bn) — though the headline numbers mask a company navigating a more difficult terrain than its sales volumes suggest.”
INSUFFICIENT EVIDENCE
No evidence was gathered from web search or Wikipedia regarding BYD's revenue rising 3.5% to 804 billion yuan in 2025, or any details about profit margin decline despite sales growth.
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“For years, Tesla was the undisputed leader in battery electric vehicle sales, delivering more than 1.8 million vehicles at its 2023 peak.”
INSUFFICIENT EVIDENCE
No evidence was gathered regarding Tesla delivering over 1.8 million battery electric vehicles in 2023.
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“In 2024, BYD officially surpassed Tesla in global battery electric vehicle sales for the first time, a milestone that would have seemed implausible a decade earlier — particularly given that Tesla chief executive Elon Musk once openly laughed at the mention of BYD as a competitor, saying he did not see the company as a threat.”
INSUFFICIENT EVIDENCE
No evidence was gathered regarding BYD surpassing Tesla in global EV sales in 2024, or any mention of Elon Musk previously dismissing BYD as a threat.
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“By 2025, the gap had widened significantly. BYD ended the year with 2.25 million all-electric vehicles sold, a 27.9% year-on-year increase, while Tesla reported 1.64 million deliveries — a decline of roughly 9% from 2024.”
CORROBORATED
Web search results provide figures for 2025 sales figures for both companies, showing BYD's higher volume and Tesla's decline, which supports the core comparison points of the claim.
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“BYD outsold Tesla by more than 600,000 battery electric vehicles.”
CORROBORATED
Multiple web search results explicitly state that BYD outsold Tesla by more than 600,000 units in 2025.
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“Tesla, once the global EV sales leader, has seen its market share in Europe and China eroded by the rise of Chinese competitors.”
INSUFFICIENT EVIDENCE
No evidence was gathered regarding Tesla's market share in Europe and China being eroded by Chinese competitors.
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“The American company recorded just $3.8 billion (€3.5bn) in profit across 2025, its lowest tally in years, with total revenue from car sales falling 11% year-on-year.”
INSUFFICIENT EVIDENCE
No evidence was gathered regarding Tesla's 2025 profit being $3.8 billion or its car sales revenue declining 11% year-on-year.
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“It was the first time Tesla had posted an annual revenue decline.”
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“However, more recent data shows Tesla registrations in the European Union have risen 29% in February, according to the European Automobile Manufacturers' Association — its first monthly increase in the region since December 2024.”
PENDING
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“China's EV market — the largest in the world — has become extraordinarily competitive, with manufacturers slashing prices to defend market share.”
PENDING
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“A top industry group last May rebuked Chinese automakers for fuelling a price war, just a week after BYD announced sweeping trade-in discounts.”
PENDING
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“BYD's profit in the first quarter of 2025 was a record for that reporting period, but pressure mounted through the year as domestic spending remained sluggish.”
PENDING
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“In September, it sold more than 13,000 vehicles in European Union countries, a year-on-year rise of 272%, according to the European Automobile Manufacturers' Association.”
PENDING
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“BYD's overseas sales surpassed one million units for the first time in 2025, up 150% from the previous year.”
PENDING
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“Tesla's US vehicle sales fell by 15% during the first half of 2025, while its share of the American electric car market shrank from more than 75% in 2022 to less than 50% in 2024.”
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“In 2024, BYD's annual revenue crossed the symbolic $100 billion (€87bn) mark at 777 billion yuan, surpassing Tesla's for the first time.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.