Etiqueta: Product

On October 30, 2025, BYD Company Limited reported its nine-month earnings, revealing revenue of CNY 566.27 billion and net income of CNY 23.33 billion, while also announcing proposed amendments to its Articles of Association subject to shareholder approval. The results show revenue growth alongside a lower net profit, highlighting ongoing business expansion amid some profitability pressure for the period. We’ll explore how BYD’s balanced revenue growth and profitability trends may impact its...

The Chinese EV giant has conquered global markets by selling millions of cars, but it hasn’t supercharged China’s soft power.

BYD is taking a U-turn and moving in a new direction with its new Racco that sees BYD radically shifting away from the EV market towards the Japanese market.

China's breakout EV giant now outsells Tesla in one of Europe's top electric car markets--and the gap is widening fast

BYD surpasses Tesla in European EV sales, driven by rapid demand, strong pricing, and expanding market presence.

BYD Company Limited recently reported its earnings for the nine months ended September 30, 2025, revealing sales and revenue of CNY 566.27 billion, up from CNY 502.25 billion a year ago, while net income decreased to CNY 23.33 billion compared to CNY 25.24 billion in the same period last year. This mixed performance, higher revenue but lower profitability, stands out as investors weigh the implications for BYD's future outlook and growth plans. We'll examine how the rise in revenue but...

BYD announced its 3Q results at the end of October. Revenue was down 3%, while net profit was down 32.6%. Overall, that does not look good compared to their recent growth and fell short of expectations. But it gets more interesting when you get into the details.Not only did R&D expenses go up 31%, but development capital expenditures went up a whopping 519.65% YoY “Mainly due to the increase in in-house R&D investments.” Most of their research and development is still accounted for as expenses (43.75 billion RMB versus 3.15 billion RMB), but that is clearly a significant increase. In combination, R&D was roughly twice net profits, and net profit would have gone up if R&D was flat.Inventory was up 31.83%, due mainly “to the augmentation of automobile business.” In other words, updated product that has not yet been delivered.“Contract liabilities” went up by 40.29% YoY, “mainly due to the increase in advance receipts of the automobile business.” In other words, deposits taken on vehicles that have not yet been delivered. Having obligations to deliver vehicles that have already received deposits is overall a good kind of liability.Non-current assets were up 50.36%, while long-term receivables were up 54.90%, mainly due to increases in leasing. This foreshadows future revenue.The balance sheet overall saw a significant improvement, with assets up 15.14% and shareholder equity (assets minus liabilities) up 32.53%. Construction in progress was up 144.15%, with several global factories being built, as well as the world’s largest R&D center. However, borrowing is up while payables are down, with shifts on the balance sheet likely reflecting shorter payment terms in vendor contracts.

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BYD’s EU sales jumped 272% in September while Tesla’s fell 10.5%. The surge boosts the Chinese lead ahead of global expansion.

A Ford Ranger PHEV engineer is defending that pickup as it trails the BYD Shark in Australia by a large margin, though it's far pricier and more capable.