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flag BYD posts first profit drop since 2021 despite record sales and surpassing Tesla.

flag Chinese electric vehicle maker BYD reported its first profit decline since 2021, with net profit dropping 19% in 2025 despite record revenue of $116 billion and surpassing Tesla in sales. flag The company delivered 2.26 million vehicles globally, but weak domestic sales and a price war in China pressured margins. flag BYD is betting on international expansion and new technologies like fast-charging batteries to recover.

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