BYD's First-Quarter Profit Plunges 55% to Lowest Since 2023

Chinese electric vehicle manufacturer BYD reported a 55% year-on-year decline in net profit for the first quarter of 2025. According to the company's financial results, profit for the period fell to its lowest level since 2023. The decline comes as BYD faces competitive pressure and rising costs in the global EV market. The company noted that intensifying price wars in China's domestic market and higher supply chain costs have negatively impacted profitability. The sharp drop in BYD's first-quarter profit has heightened investor concerns about the company's growth momentum and financial sustainability. Analysts expect BYD to focus on cost control and new model launches in an effort to restore profitability in the coming period. This is not investment advice.

📊 BYD — Piyasa Yorumu

▼ down · 70%

BYD's 55% decline in first-quarter profit may heighten concerns about the company's near-term profitability outlook. Technical indicators also support this negative news: the RSI is approaching oversold territory at 33, while the MACD is below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages, indicating short-term weakness. The 3.7% drop in the last 24 hours suggests continued selling pressure. However, the RSI nearing oversold territory also brings the possibility of a short-term rebound buying opportunity.

RSI 14

33.0

MACD

-1.06

24h Δ

-3.70%

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