BYD's passenger vehicle sales were down significantly year over year, with a 15.7% decline from April 2025 to April 2026.
This drop was largely attributed to decreased demand for plugin hybrid and BEV models, which accounted for most of the company's sales in previous months.
Despite this, BYD's passenger vehicle sales showed a slight increase of 6.2% month over month, from 295,693 deliveries in March to 314,100 in April.
The decline in BEV sales was more pronounced, with a 19.8% year-over-year drop from 195,740 in April 2025 to 156,944 in April 2026.
However, BEV sales also saw a modest increase of 6.3% month over month.
BYD's PHEV registrations dropped 11.1%, going from 176,875 in April 2025 to 157,156 in April 2026.
The company's commercial vehicle business showed mixed results, with an 11.7% year-over-year increase in electric bus sales but a 33.6% month-over-month decline.
Non-bus commercial vehicles saw a significant drop of 7% year over year, from 7,080 in April 2025 to 6,583 in April 2026.
However, this was offset by a substantial 70.3% month-over-month increase.
Overall, BYD's sales continue to face challenges, and the company will need to implement strategies to boost growth and stay competitive in a rapidly changing market.
The decline in BYD's sales is a concerning trend for the company, highlighting the need for significant growth in the remainder of 2026.
