BYD profit declines for second straight quarter

Tesla Exploration

30/10/2025 11:17

BEIJING, Oct 30 (Reuters) - Chinese electric vehicle maker BYD 1211.HK 002594.SZ posted a 32.6% fall in third-quarter profit from a year earlier, marking a second straight quarter of decline and the biggest fall in more than four years, as it faces increasing competition from domestic rivals.

Net profit totalled 7.8 billion yuan ($1.10 billion) while revenue dropped 3.1% year on year to 195 billion yuan, the first such decline in more than five years, according to a stock filing on Thursday.

($1 = 7.1230 Chinese yuan renminbi)

 (Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh
Editing by Tomasz Janowski)

 ((qiaoyi.li@thomsonreuters.com;))