GreenergyDaily

Feb. 2, 2026

Shares of BYD Co Ltd sank to their lowest level in at least a year on Monday, leading a broader selloff in ‌Chinese automaker stocks after they reported weaker sales in January as a revised subsidy scheme weighed on budget car brands.

BYD's Hong Kong-listed shares ended down 6.9% at HK$91, marking their biggest one-day percentage drop since May 26, 2025, ‍after hitting the lowest in about a year during the day.

Peers including Geely, Leapmotor, Xiaomi and Xpeng also ended down between 1.2% and 6.8%.

BYD's vehicle sales fell by 30.1% in January from a year earlier, the fifth straight month of decline. The automaker sold 210,051 vehicles globally last month, a stock market filing on Sunday showed. The export volume of new energy vehicle was at 100,482 units for the month of January.

Geely's sales ⁠were flat from a year ago while Stellantis' Chinese partner Leapmotor reported 27% growth in deliveries last month.