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BYD lost ground to its domestic competitors over the first two months of the year, as overall demand in China’s electric vehicle market slowed.
The world’s largest electric vehicle manufacturer’s combined January and February sales volume in 2026 dipped by roughly 36% compared to the year before. This figure was adjusted to account for the seasonal sales slowdown during the two-week Chinese New Year holiday, which took place mid-February.
The combined January and February sales figures from China’s other EV automakers generally rose across the board, with Leapmotor and Xiaomi both reporting significant year-on-year increases in sales over the same period from the year before.
Leapmotor clocked 60,126 sales in January and February this year, a 19% jump year on year. Xiaomi sold more than 59,000 units during the same period, notching a 48% leap on year.
