Key facts: BYD reported a quarterly profit decline for the first time in three-and-a-half years, attributed to intense competition in the electric vehicle market and broader economic challenges.
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- BYD reported a quarterly profit decline for the first time in three-and-a-half years, attributed to intense competition in the electric vehicle market and broader economic challenges.1
- BYD expects exports to make up 20% of global sales by 2025, targeting 800,000 to 1 million vehicles outside China, with a total sales goal of 4.6 million units.2