• Despite its record growth in 2025, BYD’s global workforce decreased from around 970,000 to 870,000 during the year. This decline of around 10% marks the first significant workforce reduction for China's largest private employer in recent years.
  • Fierce domestic price competition has severely impacted BYD’s profitability. In Q2 2025, its profit per vehicle plunged 45% sequentially to hit a three-year low. Full-year net profit fell 18.97% YoY to $47 billion, showing a clear trend of growing revenues but shrinking profits.
  • Given the record-high deliveries, this 10% reduction is not driven by weak demand. Instead, it is a proactive “structural optimization” by the company to improve efficiency and navigate the industry’s brutal elimination round.


BYD hit record highs in 2025, with its total revenue exceeding $117 billion and global deliveries reaching 4.6 million units. Notably, overseas sales jumped 150% to surpass 1 million units. Despite this growth, BYD’s global workforce decreased from around 970,000 to 870,000. This drop of 100,000 employees (about a 10% decline) marks the first significant workforce reduction for China's largest private employer in recent years.