BYD Profit Slumps Again as Pressure Piles Up for China EV Giant

BYD Co. reported another slump in quarterly profit as intensifying domestic competition and industry scrutiny pile pressure on the Chinese carmaker’s sales outlook.

By Charlie Zhu, Chunying Zhang · Bloomberg Markets

BYD Co. reported another slump in quarterly profit as intensifying domestic competition and industry scrutiny pile pressure on the Chinese carmaker’s sales outlook.