BYD reports a 20.5% decline in first-half profit to 12.3 billion yuan amid pricing pressures and reduced demand.
BYD’s revenue slid 7.1 per cent from a year earlier to 344.8 billion yuan.
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
BEIJING, Aug 28 : Chinese electric vehicle maker BYD on Friday reported a 20.5 per cent drop in first-half net profit, as the…
Second-quarter profits drop 30 per cent for the world’s largest EV maker, despite 145 per cent year-on-year rise in overseas…
The EV maker faces a crowed market, with rivals like XPeng and Telsa, which have all cut prices.
Hong Kong-listed shares of BYD fell more than 6% after the Tesla rival reported a quarterly profit drop amid a price war in its…
The Chinese EV giant beat market estimates in the second quarter, as booming exports helped offset a prolonged decline in the…
The company reports a net profit of nearly 4.09 billion yuan (US$590 million) and revenue of 150.2 billion yuan.
Global Markets: BYD posts first quarterly profit rise in over a year
