BYD posts first quarterly profit rise in over a year
Exports jumped 71% in the first half to more than 790,000 vehicles, helping BYD lift quarterly profit 29.8% despite weaker revenue.
- On Friday, Chinese electric vehicle maker BYD posted its first quarterly profit rise in over a year, with net profit jumping 29.8% year-on-year to 8.2 billion yuan as exports surged.
- Domestic demand remains weak amid reduced trade-in subsidies, a prolonged property downturn, and lingering concerns over income and job prospects, forcing BYD to rely on international markets for growth.
- Overseas shipments jumped 71% in the first half to more than 790,000 vehicles, accounting for 44% of total sales, while gross profit margin from international operations rose to 22%.
- Shanghai-Based Automotive Foresight managing director Yale Zhang noted domestic vehicle sales are declining and price competition remains fierce, with rival SAIC Motor also reporting 72% profit growth.
- Analyst Zavier Wong at trading platform eToro cautioned that while exports offer relief, "BYD is attempting the same, but compressing it into a much shorter time frame" against established global brands like Toyota.
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16 Articles
Chinese automaker BYD increased its net profit in the second quarter by 30 percent year-on-year to 8.2 billion yuan (25.3 billion crowns). Quarterly profit rose for the first time in more than a year. This was helped by a recovery in exports, which offset weak domestic demand. The company, which is the world's largest manufacturer of electric vehicles by sales volume, reported this in its earnings report on Friday.
BYD posts US$1.2 billion profit in second quarter on surging global demand
China’s electric vehicle (EV) giant BYD saw its earnings jump 30 per cent in the three months from April to June, ending a five-quarter losing streak as buoyant overseas sales and premium models enhanced its net margin and profitability. The Shenzhen-based carmaker, also the world’s largest EV builder, posted a net income of 8.2 billion yuan (US$1.2 billion) in the second quarter, up 30 per cent year on year. The quarterly performance beat a con…
ByD's net profit recorded a recovery in the second quarter of 2026, even with a slightly lower revenue, demonstrating that the world's largest electric vehicle vendor may have gone through a difficult phase with the help of its rapid expansion abroad. Exclusive material for subscribers. To have full access, access the material link and register.
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