BYD Reports Third Consecutive Monthly Sales Decline Amid Shifting EV Market Dynamics

BYD's November 2025 sales figures reveal persistent challenges for the Chinese EV giant, with monthly deliveries dropping 5.2% year-over-year to 480,186 units. The third consecutive monthly decline contrasts sharply with the company's 11.3% year-to-date growth, highlighting diverging short-term and long-term trajectories.

The sales composition shows dramatic segmentation: battery electric vehicle sales surged 19.9% while plug-in hybrids plummeted 22.4%. This polarization suggests accelerating consumer preference shifts within the new energy vehicle market. International expansion continues unabated, with 131,935 units exported in November - a bright spot in otherwise mixed results.

Production cuts mirror the sales downturn, with November output falling to 474,175 units from 540,588 year-ago levels. The strategic recalibration comes as BYD maintains its industry leadership position, having moved 4.18 million units year-to-date through November.