BYD reports 20.5% drop in first-half profit

FILE PHOTO: The BYD logo on an ATTO 3 EVO vehicle during a media driving event of Chinese carmaker BYD (Build Your Dreams) in Hamburg, Germany, March 19, 2026. REUTERS/Fabian Bimmer/File Photo

28 Aug 2026 06:48PM

BEIJING, Aug 28 : Chinese electric vehicle maker BYD on Friday reported a 20.5 per cent drop in first-half net profit, as the world's largest EV maker by shipments faced a prolonged price war and softer demand in its home market.Net profit totalled 12.3 billion yuan ($1.83 billion) for the January to June period, while revenue slid 7.1 per cent from a year earlier to 344.8 billion yuan, the company said in a stock filing.($1 = 6.7205 Chinese yuan renminbi)

Source: Reuters