BYD Stock: November Sales Dip Continues Three-Month Decline Streak - What’s Next for the EV Giant?

Another month, another dip—BYD's November sales figures extend a troubling three-month slide.

Reading the Tea Leaves

The numbers don't lie, and for three consecutive months, they've been telling the same story. While the broader EV market talks a big game about exponential growth, BYD's recent performance offers a dose of reality—a reminder that even giants face headwinds. It's the classic finance conundrum: when do you call it a trend, and when is it just a bump in the road? Analysts are now scrambling, their models suddenly looking less like crystal balls and more like rearview mirrors.

Beyond the Headline

This isn't just about a single month's shipment count. It's about momentum, market sentiment, and the brutal efficiency of capital allocation. The EV race is a marathon, but the stock market treats every quarterly report like a sprint. Production hiccups, supply chain snarls, or just plain old demand cooling off? The market hates uncertainty almost as much as it hates missing its targets. Meanwhile, somewhere in a glass tower, a portfolio manager is quietly moving a decimal point in a spreadsheet, proving once again that in finance, optimism is a strategy, but data is the execution.

The road ahead for BYD is paved with more than good intentions—it's littered with expectations. The company now faces the ultimate test: proving a short-term slump is just that, and not the canary in the coal mine for its ambitious growth narrative. Time to deliver.

TLDR

• BYD sold 480,186 new energy vehicles in November 2025, down 5.2% compared to the same month last year
• Year-to-date sales reached 4.18 million units, representing an 11.3% increase over the previous year
• November marked the third consecutive month of year-over-year sales declines for the Chinese automaker
• Battery electric vehicle sales jumped 19.9% while plug-in hybrid sales dropped 22.4% compared to November 2024
• BYD exported 131,935 NEV units in November, demonstrating continued international expansion

BYD Company Limited reported November 2025 sales figures that show continued pressure on the Chinese automaker’s monthly performance. The company sold 480,186 new energy vehicles last month, marking a 5.2% drop from the 506,804 units sold in November 2024.

This decline represents the third straight month of year-over-year sales decreases for BYD. The trend raises questions about near-term momentum even as the company maintains strong annual growth numbers.

The production side tells a similar story. BYD manufactured 474,175 NEV units in November 2025. That compares to 540,588 units produced during the same period last year.

Despite monthly headwinds, BYD’s cumulative 2025 performance paints a different picture. Year-to-date sales hit 4.18 million units, up 11.3% from the previous year. Production volumes for the eleven-month period totaled 4,117,552 units, reflecting a 7.29% annual increase.

Mixed Performance Across Vehicle Categories

The passenger vehicle segment saw varied results across different powertrain types. BYD sold 474,921 passenger vehicles in November, down 5.7% year-over-year.

Battery electric vehicles showed strength with 237,540 units sold. That’s a 19.9% jump from November 2024. The growth in pure EVs suggests shifting consumer preferences within BYD’s lineup.

Plug-in hybrid electric vehicles moved in the opposite direction. The company sold 237,381 PHEVs, down 22.4% compared to last year’s November figures. The divergence between BEV and PHEV sales marks a clear shift in product mix.

Commercial NEVs delivered better news. BYD sold 5,265 commercial units, nearly doubling the 2,801 units from November 2024.

Export and Battery Capacity Figures

BYD’s international footprint continued expanding with 131,935 NEV units exported in November. The export figure demonstrates the company’s ongoing push into markets beyond China.

Battery production capacity data shows the company installed approximately 27.669 GWh of NEV power and energy storage batteries during November. The cumulative installed capacity for 2025 reached 258.282 GWh through November.

Analysts currently rate BYD stock as a Buy with a price target of HK$130.00. The stock has posted a year-to-date price gain of 10.93%.

BYD’s market capitalization stands at HK$913.9 billion. Average daily trading volume reaches 30,384,801 shares. Technical sentiment indicators point to a Hold signal for the stock.

The November production volume of 474,175 units fell short of sales by roughly 6,000 units. This gap between production and sales suggests BYD drew down existing inventory to meet customer demand during the month.