News

BYD Reports First Profit Decline Since 2021

Chinese automaker BYD has reported its first annual profit decline since 2021, even as revenue and sales reached record highs.

For 2025, net profit fell by 19% to 32.6 billion yuan (about $4.7 billion). At the same time, revenue rose to a record 804 billion yuan (approximately $116 billion), surpassing Tesla.

Meanwhile, BYD strengthened its position in the global EV market and became the largest producer of fully electric vehicles. The company delivered 2.26 million EVs, compared to Tesla’s 1.64 million, taking first place in total sales volume.

The main reason for the profit decline was intensifying price competition within China. Chairman Wang Chuanfu described the domestic market as a “brutal knockout,” where manufacturers are forced to cut prices to maintain market share.

Amid this pressure, BYD is focusing on expanding into international markets. In 2026, the company plans to sell around 1.3 million vehicles overseas, hoping to offset weakening demand at home.

As a result, despite record sales and rising revenue, the world’s largest EV manufacturer is facing profit pressure due to a price war in its most important market.

Source: SFGate, Free Malaysia Today.

TikTok Announces Completion of U.S. Deal

On January 22, ByteDance, the parent company of TikTok, announced the completion of the formation of a joint venture called TikTok USDS, in which American stakeholders hold a controlling interest. The move was made to avoid a potential ban under national security legislation. In the new company, 80.1% of

China plans to launch passenger flights with flying cars as early as 2026

China is planning to begin passenger transport using flying cars in 2026. By that time, seven Chinese companies intend to start delivering electric vertical takeoff and landing aircraft (eVTOLs). They aim to move from test flights to real-world operations, with the first commercial passenger services potentially launching as early as

Chinese smartphone makers are adjusting their product lineups due to rising chip prices

Chinese smartphone manufacturers have begun reshaping their product portfolios as memory chip prices rise and logistics costs increase. Lower-end models priced under $100 have been hit the hardest. Previously, Chinese brands focused on budget devices to drive high sales volumes. Now, they are shifting more attention to mid-range models. According

Read next