BYD reports increased Q2 2026 surplus despite falling revenue

BYD Company reported a 29.8 percent increase in surplus to 8.2 billion CNY for the second quarter of 2026. However, the company's revenue fell by 3.2 percent to 194.6 billion CNY, missing analyst expectations for profit growth.

Despite the revenue decline in the Chinese market due to pricing pressure, BYD's export business has seen significant growth. In the first half of 2026, exports rose by 71 percent to over 790,000 vehicles, accounting for 44 percent of total sales.