SEHK:1211Auto
BYD (SEHK:1211) Is Down 12.5% After Fifth Straight Monthly EV Sales Drop - Has The Bull Case Changed?
In January 2026, Chinese automaker BYD reported a 30% year-on-year drop in global vehicle sales to 210,051 units, its fifth consecutive monthly decline amid reduced government incentives for electric vehicles at home and abroad.
This setback comes after BYD transformed itself over two decades from a battery specialist into China’s largest automaker, with very large increases in annual vehicle sales, revenue and net income between 2020 and 2024.
We’ll now examine how this abrupt sales decline...