BYD reports 20.5% drop in first-half profit
28/08/2026 11:47
BYD reports 20.5% drop in first-half profit BEIJING, Aug 28 (Reuters) - Chinese electric vehicle maker BYD 1211.HK 002594.SZ on Friday reported a 20.5% 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% from a year earlier to 344.8 billion yuan, the company said in a stock filing.
($1 = 6.7205 Chinese yuan renminbi)
(Reporting by Qiaoyi Li, Zhang Yan and Ju-min Park; Editing by Susan Fenton)
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