BYD quarterly profit fell 55% to 4.08 billion yuan in Q1, its lowest in over
three years; revenue dropped 12% to 150.2 billion yuan. It marked a fourth
straight decline amid EV competition from Xiaomi and Geely, with discounts
hitting a two-year high and eroding margins. Analysts say pressure may ease but
remain cautious. Overseas sales rose over 50%, exports reached 45%, supporting a
1.5 million overseas target.
