BYD sales continue to plunge in February

Group 1 - BYD Auto reported a 41% drop in global sales to 190,190 units in February 2026, following strong growth in the same month last year, due to plunging demand in its home market after the government withdrew some NEV sales incentives [1] - February marked the sixth consecutive month of decline for BYD, with global sales down by 30% year-on-year to 210,051 units in January, leading to a total drop of 36% in the first two months of 2026 to 400,241 units [2] - Domestic sales fell by 65% year-on-year to 89,590 vehicles in February, while exports rose by over 50% to 100,600 units, indicating a strategic shift towards global markets [3] Group 2 - In response to declining domestic sales, BYD has introduced 'ultra-long-term' auto financing programs with repayment terms of up to eight years to attract more customers [4]