BYD's EV sales drop 15.7% in April amid rising competition, while exports hit record highs.

In April, BYD's new energy passenger vehicle sales fell 15.7% year-on-year to 314,100 units, marking the eighth consecutive month of decline due to intensifying domestic competition. However, BYD's exports surged over 70% to a record 135,098 vehicles, highlighting its growing focus on overseas markets. Meanwhile, domestic rivals Leapmotor and Zeekr achieved record monthly sales, and Xiaomi also saw gains, signaling a highly competitive Chinese EV market. BYD's profit dropped 55.4% in Q1 2026, reflecting pressure from rivals and shifting market dynamics, while the company plans to expand exports further this year.