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BEIJING: Chinese electric vehicle maker BYD’s quarterly profit fell at its fastest pace since 2020, a stock market filing showed on Tuesday (Apr 28), amid sluggish sales at home.The world’s biggest electric vehicle maker by sales, known for its focus on budget models priced under 150,000 yuan, is grappling with intensifying competition from rivals, including Geely and Leapmotor.BYD’s first-quarter net profit dropped 55.4 per cent from a year earlier to 4.1 billion yuan (US$600 million), worsening a 38.2 per cent fall in the fourth quarter, the data showed.First-quarter revenue was down 11.8 per cent to 150.2 billion yuan, extending a…
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