BYD cuts 100,000 jobs: The restructuring strategy of the electric vehicle giant.
BYD plans to cut 10% of its workforce by 2025 to optimize costs and improve operational efficiency, despite record revenue and the launch of its new Blade 2.0 battery technology.
Electric vehicle manufacturer BYD has just undergone a large-scale restructuring, cutting approximately 100,000 employees to bring its total workforce down to 870,000 by 2025. According to ifeng, this 10% reduction is part of a plan to improve cost management efficiency, rather than stemming from declining market demand.
Optimizing the system amidst record revenue.
Despite downsizing its workforce, BYD recorded impressive business results in 2025. The company reported revenue of 8,039.6 billion yuan (approximately $1.123 billion) with a total of 4.6 million vehicles delivered to customers. Notably, this was the first time BYD surpassed the 1 million vehicle export mark, specifically reaching approximately 1.05 million units exported to international markets.
However, the company's net profit showed the opposite trend, reaching only 326.2 billion yuan (approximately $45.6 billion), a 19% decrease compared to the same period last year. The main reasons identified were intense price competition in the domestic market and the continued massive investments in research and development (R&D).
Boost investment in technology and expand markets.
Despite cutting personnel costs, BYD still spent 634 billion yuan on R&D, focusing on battery systems and charging infrastructure. The biggest technological highlight is the launch of the Blade Battery 2.0, integrated with Flash Charging 2.0, on March 5, 2026. This technology allows vehicles to charge from 10% to 70% in just 5 minutes and reach 97% in 9 minutes under standard conditions.
| Financial & Operating Performance | Value in 2025 |
|---|---|
| Total number of employees | 870,000 people |
| Revenue | 8,039.6 billion yuan |
| Net profit | 326.2 billion yuan |
| Number of vehicles delivered | 4.6 million vehicles |
| Number of vehicles exported | 1.05 million vehicles |
The 41% drop in sales in February 2026 in the Chinese market is considered by experts to be a short-term fluctuation due to the holiday season. With the goal of increasing exports to 1.5 million vehicles in 2026, BYD is placing high hopes on overseas markets and the stability of its next-generation battery technology platform to maintain global growth momentum.
