BYD's quarterly profit slide fastest in six years

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AdvertisementAdvertisementBusinessFILE PHOTO: The BYD logo on an ATTO 3 EVO vehicle during a media driving event of Chinese carmaker BYD (Build Your Dreams) in Hamburg, Germany, March 19, 2026. REUTERS/Fabian Bimmer/File Photo28 Apr 2026 06:53PM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST BEIJING, April 28 : Chinese electric vehicle maker BYD's quarterly profit fell at its fastest pace since 2020, a stock filing showed on Tuesday, weighed down by sluggish sales at home.First quarter net profit dropped 55.4 per cent from a year earlier to 4.1 billion yuan ($599.77 million), worsening a 38.2 per cent fall in the fourth quarter, according to the data.First-quarter revenue was down 11.8 per cent to 150.2 billion yuan, extending a declining streak to the third straight quarter.($1 = 6.8359 Chinese yuan renminbi)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST