BYD Sales Down 30.7% in January — Can It Revive Sales Growth? - CleanTechnica

In January 2026, BYD experienced a significant decline in sales, with total new energy vehicle (NEV) deliveries dropping 30.7% year-over-year and 50.5% month-over-month. This downturn affected both battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), with BEV deliveries falling 33.6% compared to January 2025 and 56.3% compared to December 2025, marking the second worst monthly performance for BYD BEVs in three years. PHEV sales similarly declined by 28.5% year-over-year and 45.4% month-over-month. The decrease is attributed to intensified competition in the Chinese EV market, the end of NEV purchase tax exemptions, and typical market softness following the Chinese New Year. Despite stronger sales at the end of 2025 compared to 2023, BYD’s performance in late 2025 was weaker than in 2024, raising questions