Chinese EV Tsunami Shakes German Auto Industry: BYD’s 30% Profit Crash and ‘Electrobomber’ Fears
BYD’s October 2025 report shocked investors: third-quarter profit plunged to ¥7.8 billion, down almost 33% from a year agode.investing.com. CEO Wang Chuanfu has slashed prices across BYD’s model range to fend off competition, triggering the rare profit drop. Analysts say this reflects Beijing’s crackdown on extreme discounting in China’s overheated EV marketts2.techts2.tech. Despite the revenue hit, BYD remains China’s sales leader: its 1H 2025 revenue exceeded Tesla’s for the first timets2.tech, illustrating its massive volume advantage.