BYD’s workforce fell to 870,000 employees in 2025, a reduction of roughly 100,000 people, or about 10 %, according to ifeng. The company attributed the decline to restructuring, efficiency improvements, and cost management measures rather than weakening demand. The reduction comes as automakers increasingly focus on operational efficiency as the next stage of EV competition.
Revenue and deliveries reach new highs
BYD reported 8039.6 billion yuan (1,123 billion USD) in revenue for 2025, alongside 4.60 million vehicle deliveries, according to the NBD. Overseas deliveries reached approximately 1.05 million units, according to Sina reporting, marking the first time the company surpassed the 1-million-unit mark in exports.
Profit declines amid pricing pressure and investment
Net profit totalled 326.2 billion yuan (45.6 billion USD), down around 19% year on year. The decline was attributed to pricing pressure in the domestic NEV market and continued investment in vehicle and battery technologies.
BYD maintained R&D spending of 634 billion yuan, reflecting ongoing development in electrification, battery systems, and charging infrastructure despite margin compression.
Overseas expansion supported by new battery technology
BYD continued to expand internationally with a broader vehicle lineup and increasing export volumes. The company launched Blade Battery 2.0 with Flash Charging 2.0 on March 5, 2026. The system enables charging from 10 % to 70 % in about 5 minutes and from 10 % to 97 % in 9 minutes under standard conditions.
The rollout of flash charging infrastructure coincides with BYD raising its 2026 export target to 1.5 million vehicles, a 15 % increase from its earlier goal. The higher target reflects the company’s focus on overseas markets to support growth amid domestic competition.
The domestic market shows short-term fluctuations
Domestic NEV sales declined 41 % in February 2026, according to CarNewsChina, primarily due to seasonal factors linked to Chinese holidays. The decline occurred before the rollout of Blade Battery 2.0, indicating short-term demand fluctuation rather than structural changes in product demand.
Expanded charging infrastructure and new battery technology are expected to support more stable demand in the coming months.
Performance overview
BYD’s 2025 results combine workforce reduction, revenue growth, and continued technology investment. Its position among the global top 10 automakers and the rollout of next-generation battery systems, alongside a higher export target, reflect simultaneous adjustments in cost structure and international expansion.
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