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BYD's quarterly profit plunged as China's EV price war eroded margins

Quartz / 28 April 2026 / 8h ago

Culture Index

Score Breakdown

Relevance

3/25

Freshness

25/25

Authority

18/20

Brand Signal

10/15

Depth

2/15

5-Axis Cultural Radar

Net income dropped to 4.08 billion yuan ($597 million) in Q1, extending the Chinese automaker's streak of profit declines to four straight quarters