BYD Cuts 100,000 Jobs, Claims Focus on Boosting Efficiency

JAKARTA, KOMPAS.com – BYD is undertaking a major adjustment to its business structure throughout 2025. One of these measures involves reducing the number of employees by around 100,000 people, or the equivalent of 10 per cent, leaving a total workforce of approximately 870,000 people.

The company states that this step is part of restructuring, improving efficiency, and cost control, rather than due to a decline in market demand.

This action aligns with the trend in the electric vehicle industry, which is now entering a phase of competition based on operational efficiency.

Quoted from Carnewschina, Tuesday (31/3/2026), amid this adjustment, BYD’s performance has recorded positive results. Throughout 2025, the company booked revenue of 803.96 billion yuan, or approximately 112.3 billion US dollars, with total vehicle sales reaching 4.60 million units.

However, BYD’s net profit was recorded as declining. Throughout 2025, the company booked a profit of 326.2 billion yuan, or approximately 45.6 billion US dollars, down around 19 per cent compared to the previous year.

This decline was influenced by price pressures in the domestic new energy vehicle (NEV) market, as well as the high ongoing investments in vehicle and battery technology development.

BYD itself maintained research and development (R&D) spending of 63.4 billion yuan, focused on electrification development, battery systems, and charging infrastructure.

On the global expansion side, BYD continues to strengthen its presence in various countries. This is demonstrated by the launch of the latest Blade Battery 2.0 technology equipped with the Flash Charging 2.0 system on 5 March 2026.

This technology enables charging from 10 per cent to 70 per cent in just around 5 minutes, and up to 97 per cent in 9 minutes under standard conditions.

In line with this development, BYD has also raised its 2026 export target to 1.5 million units, an increase of around 15 per cent from the previous target.

With the development of new battery technology and the expansion of charging infrastructure, market demand is expected to stabilise again in the coming months.

Overall, BYD’s performance in 2025 reflects the company’s strategy in balancing cost efficiency, business growth, and global expansion amid increasingly fierce competition in the electric vehicle industry.