BYD profits fall 19%: What’s driving the decline?

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BYD has reported a 19% fall in annual profit, its first decline in four years, despite rising sales as price pressure in China weighs on margins. We look at what’s driving the slowdown,and what it means for the wider electric vehicle industry. We also examine the increasingly competitive market for electric cars, set against a backdrop of rising global oil prices. While oil prices continue to rise, the cost of weight loss drugs could be heading in the opposite direction. And we look at how a small, family-run business in Slovenia has become a major force in skiing. (Picture: Photo by RUNGROJ YONGRIT/EPA/Shutterstock (16787185n) A visitor inspects a BYD Atto 1 electric vehicle on display at the 47th Bangkok International Motor Show 2026 in Nonthaburi, on the outskirts of Bangkok, Thailand, 23 March 2026.)