In 2025, BYD reduced its global workforce by approximately 100,000 employees, bringing its total headcount to about 870,000. The company attributed this 10 percent decrease to restructuring initiatives, efficiency improvements and cost-control measures rather than a drop in consumer demand. As competition in the electric vehicle sector intensifies, automakers are increasingly prioritizing operational efficiency as a core strategic pillar.
Despite the job cuts, BYD achieved record financial and delivery milestones last year. Revenue climbed to 8,039.6 billion yuan (roughly 1.12 trillion USD), while vehicle deliveries rose to 4.6 million units. For the first time, exports exceeded one million vehicles, reaching about 1.05 million units. These figures underscore BYD’s growing strength in overseas markets and its ability to scale production and logistics effectively.
Net profit for the year totaled 326.2 billion yuan (around 45.6 billion USD), marking a 19 percent decline compared with 2024. Management cited sustained pricing pressure in China’s new energy vehicle segment and continued investment in product and technology development as the primary factors. Research and development spending remained robust at 634 billion yuan, reflecting BYD’s commitment to advancing electrification, next-generation battery systems and charging infrastructure despite narrowing margins.
International expansion has been bolstered by the introduction of Blade Battery 2.0 coupled with Flash Charging 2.0 technology, unveiled on March 5, 2026. Under standard conditions, this system can charge a vehicle from 10 percent to 70 percent in about five minutes and up to 97 percent in nine minutes. In line with this development, BYD raised its 2026 export target to 1.5 million vehicles, a 15 percent increase over its previous goal.
In the domestic market, new energy vehicle sales dipped by roughly 41 percent in February 2026, largely due to seasonal factors associated with national holidays. Industry observers view this decline as a short-term fluctuation rather than a structural shift in consumer demand. With expanded flash charging infrastructure and advanced battery technologies coming online, BYD anticipates more stable and sustained growth in the months ahead.
Source: CarNewsChina
