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BYD didn’t have an amazing begin to 2026. Presumably, because of rising competitors on the Chinese language EV market, the ending of latest power car (NEV) buy tax exemptions within the nation, and the pure market weak spot initially of the 12 months, BYD’s gross sales in January have been the bottom they’d been since February 2024.
Notice that embedded variations of the charts on this article are on the underside of the article. The embedded charts present higher for some folks.
Wanting solely at absolutely electrical automobiles (BEVs), deliveries totaled 83,249 in January. For positive, most automakers would cheat and swindle for an opportunity to get these numbers, nevertheless it was clearly the second worst month for BYD BEVs up to now three years. In comparison with December, deliveries have been down 56.3%. Extra appropriately, in comparison with January 2025, gross sales have been down 33.6%. It’s not an excellent begin to the 12 months, and the lull in market exercise from the Chinese language New 12 months ought to hit worse in February this 12 months. Buckle your seatbelts.
Wanting now at plugin hybrids (PHEVs), the outcomes are … truly very comparable. Gross sales have been down 45.4% in comparison with December, and down 28.5% in comparison with January 2025. So, the drop in shopper demand didn’t discriminate by powertrain.
