BYD Earnings Collapse: Pricing Pressure and Subsidy Withdrawal in China (heise.de)

• 55% drop in quarterly profits
• 12% reduction in total revenue
• Market saturation and subsidy phase-out affecting margins

"BYD reports a 55% profit decline and a 12% drop in revenue. The results reflect the intense price wars within the Chinese automotive sector and the expiration of national electric vehicle purchase incentives."