BYD, the largest electric vehicle manufacturer, reported a 41% decrease in sales in February, with a 65% decrease in the domestic market.

BYD, the world leader in electric vehicle production, announced a significant decrease in sales in February 2026, down 41% compared to the same month last year, reaching 190,190 units. This decline is primarily caused by a drastic 65% reduction in domestic sales, despite a 50% increase in exports. These recently published figures mark the sixth consecutive month of decline for the company, highlighting the challenges faced by Chinese automakers in increasing their external sales amid a slowdown in domestic demand. Even taking into account the impact of the Chinese New Year holiday, BYD's cumulative sales in the first two months of the year have decreased by 36%. This trend contradicts the steady growth of previous years, when the company sold 4.6 million vehicles in 2022. In the face of increasing competition from other Chinese manufacturers, BYD is rapidly expanding its distribution and international production network, opening factories in various countries, including Uzbekistan, Thailand, Brazil, Hungary, and Turkey. Analysts estimate a 60% increase in external sales by 2026 and a 25% increase in 2027, reaching 2 million vehicles sold by 2027.