China’s largest manufacturer of new energy vehicles (NEVs), BYD Auto, reported a 3.5% rise in global sales revenue to a record CNY 804 billion (US$ 116 billion) in 2025, but profits fell for the first time since 2021, reflecting cut-throat competition and weakening demand in its home market in the second half of the year. Earlier this year, the company reported a 7.7% increase in global sales to 4,602,436 vehicles last year, driven mainly by a 151% surge in overseas sales to 1,046,083 units, as the autom ...