BYD Workforce Drops to 870,000 as Efficiency Measures Take Effect
BYD reduced its workforce to around 870,000 employees in 2025, cutting nearly 100,000 jobs as part of restructuring and efficiency improvements. The company emphasized that the move was aimed at cost optimization rather than declining demand, reflecting a broader industry shift toward operational efficiency in the evolving EV market.
BYD Expands Overseas as Profits Dip Amid Intense EV Market Competition
Despite the workforce reduction, BYD achieved record-breaking performance, generating over $1.1 trillion in revenue and delivering 4.6 million vehicles globally. Overseas sales crossed the 1 million mark for the first time, signaling strong international growth. However, net profit declined by about 19% due to pricing pressures in China’s competitive EV market and continued heavy investment in advanced technologies.
Looking ahead, BYD is focusing on global expansion and innovation, including the rollout of next-generation battery systems and ultra-fast charging solutions. The company has raised its export target to 1.5 million vehicles for 2026, aiming to offset domestic market fluctuations and strengthen its position among the world’s leading automakers.
