BYD, one of the leading electric vehicle manufacturers, has reported a significant decline in car sales for January 2026. The company sold only 210,051 vehicles, marking a 30% drop compared to the same month last year. The study highlights an alarming trend: the overall demand for electric vehicles is facing challenges in various markets.
Decline in Sales Due to Pre-Expiration Purchases
The sharp decrease in sales is largely attributed to a surge in purchases made by consumers before the expiration of electric vehicle subsidies in December 2025. Many buyers rushed to secure their vehicles, resulting in a notable dip in sales figures for January.
Impact of Lunar New Year on Demand
Additionally, the Lunar New Year holiday has further dampened demand at the start of the year, traditionally a period of lower sales. Analysts are now expressing concerns about BYD's ability to rebound as the year unfolds, especially with mounting competition from domestic rivals and shifting consumer expectations.
In light of BYD's significant sales decline in January 2026, the cryptocurrency Arbitrum is currently undergoing a critical test of its price stability. For more details, see this article.
