Global Markets: BYD posts first quarterly profit rise in over a year

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The world's largest EV maker by shipments has been at the forefront of Chinese automakers' overseas push, gaining market share across Europe and Southeast Asia, as it looks to reduce its reliance on an increasingly crowded home market.
Net profit rose 29.8% year-on-year to 8.2 billion yuan ($1.22 billion) in the second quarter, ending four straight quarters of declines and reversing a 55.4% drop in the preceding quarter, according to Reuters calculations based on a stock exchange filing.
Revenue slipped 3.2% to 194.6 billion yuan in the quarter, easing from an 11.8% fall in the first quarter and extending a run of quarterly declines for a fourth quarter.
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document fetched 2026-08-29 02:42