BYD's Profits Drop up to 38% Amid Fierce Competition and Regulatory Challenges

BYD's profit decline ranges from 19% to 38%, reflecting escalating competition and regulatory pressure in China and industry-wide price wars. The company's market share has shifted as it cedes the top position in China to Geely, prompting a strategic pivot towards international markets. Next, BYD will likely focus on cost management and new market expansion to stabilize earnings and regain competitiveness.