China's BYD sees first profit drop since 2021, even as Tesla-rival takes global EV crown

Mar 29, 2026 - 15:03
China's BYD sees first profit drop since 2021, even as Tesla-rival takes global EV crown
Chinese automaker BYD said its annual sales rose to a record $116 billion, outpacing Tesla’s, but its profit fell for the first time since 2021 under pressure from…