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Story summary
- BYD's board will meet on April 28 to examine Q1 2026 results with a 21% revenue drop and a 47% EPS decline.
- The quarter saw a 19% net-profit decline and 25% gearing as March price cuts averaged 10%.
- Exports accounted for 40% of sales as BYD lifted its 2026 export target to 1.5 million vehicles.
- President Stella Li said the U.S. market is excluded from the plan because capacity, not demand, limits growth.
