BYD's quarterly profit surges at fastest pace in nearly two years

BYD’s quarterly profit surges at fastest pace in nearly two years

Analysts expect minimal impact on BYD from Trump’s auto tariffs. Read more at straitstimes.com.

BYD, Tesla's biggest rival in China, just doubled its profits

BYD overtook Tesla on a second key metric.CFOTO/Future Publishing via Getty ImagesChinese auto giant BYD reported first-quarter earnings on Friday.The carmaker, one of Tesla's biggest rivals, saw its net profits double compared to last year.BYD's sales and profits have surged while Tesla fights falling sales and anger at CEO Elon Musk.Tesla's biggest Chinese competitor reported bumper first-quarter earnings on Friday.BYD said its net profit incr…

BYD's quarterly profit surges at fastest pace in nearly two years

BEIJING: BYD's first-quarter profit leapt 100.4 per cent from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. © New Straits Times Press (M) Bhd

BYD's earnings spell more bad news for Tesla

Chinese automaker BYD (BYDDY) said its net profit doubled year-over-year in the first quarter, climbing to 9.15 billion yuan, or about $1.3 billion.Read more...

Chinese electric carmaker BYD reported a record first-quarter net profit of 9.15 billion yuan (1.11 billion euros), up more than 100 percent year-on-year.

BYD's net profit rose 100.4 percent in the first quarter of 2025 to 9.2 billion yuan, while revenue rose 36.4 percent to 170.4 billion yuan. The Chinese electric vehicle giant has stepped up competition in the domestic market by offering standard features such as the "God's Eye" system and launching a super-charging platform for electric vehicles. BYD is targeting exports of 800,000 vehicles in 2025 and is reorganizing its European operations af…