Automundo China

This marks the first year-on-year decline in BYD's net income since the first quarter of 2022.

BEIJING (Reuters) -Chinese electric vehicle maker BYD's quarterly profit fell for the first time in more than three years, as its expansion hit a speed bump amid a government campaign against price wars. Net profit at the world's biggest EV producer totalled 6.4 billion yuan ($894.74 million) in the second quarter, it reported on Friday, down 29.9% from a year earlier, after rising 100.4% in the first quarter. The biggest Chinese rival to Tesla has faced challenges in recent months as Chinese authorities have called for a halt to a bruising price war in China that has pressured profit margins across the entire industry.

BYD Co.’s profit jumped 14% in the first half on robust demand for its electric vehicles and an aggressive expansion into international markets as it seeks to shake off headwinds at home.

The change will take effect on September 19, significantly lowering the entry barrier for buying BYD shares on the Hong Kong stock market.

The new Denza D9 variants reduce the MPV's starting price from RMB 339,800 to RMB 309,800.

BYD, short for Build Your Dreams, began in 1995 as a battery manufacturer in Shenzhen. Today, it is one of the world's largest electric vehicle producers and a growing force across Europe. In July 2025 alone, BYD sold 13,503 cars across the UK, EU, and EFTA, more than triple its sales from the same month last year. Meanwhile, Tesla sold just 8,837 ...

BYD is reaping the consequences of the domestic price war it instigated, but bright spots remain in its Q2 results. By Stewart Burnett

Year-to-date, 1,011,903 new battery-electric cars were registered, capturing 15.6% of the EU market share,  an increase from the low baseline of 12.5% in July 2024.