BYD's passenger EV sales drop for an eighth month as competition heats up

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’s passenger vehicle sales fell for an eighth consecutive month in April, while its domestic rivals Leapmotor and Zeekr notched record-high monthly deliveries as the market becomes more competitive.

BYD reported Sunday that it delivered 314,100 new energy passenger vehicles last month — comprising battery electric and plug-in hybrid models — a 15.7% decline from the year before but up 6.2% from March, CNBC’s records show.

Export figures for BYD rose to an all-time high of 135,098, according to a Hong Kong Stock Exchange filing — a record, and up more than 70% compared to the same period in 2025, according to CNBC’s calculations. The split in the Shenzhen-headquartered automaker’s domestic and overseas fortunes underscores its growing reliance on overseas markets amid intensifying competition at home.

In April, the market-leading EV giant reported a nearly 55.4% drop in profits year over year in the first quarter as operating revenue fell 11.8% to 150 billion yuan ($22 billion) amid strong showings from its domestic rivals in the same quarter.