BYD first-half profit falls as China NEV sales weaken

BYD reported first-half 2026 revenue of 344.82 billion yuan ($50.9 billion), down 7.13% year-on-year, and net profit of 12.33 billion yuan, down 20.54%, as China NEV weakness and foreign-exchange losses outweighed overseas growth. Auto-related revenue fell 8.98% to 275.34 billion yuan while gross margin rose to 18.85% from 18.01%; H1 NEV sales were 1,808,511 (-15.72%), with overseas shipments of about 792,000 (+67.8%) making up roughly 44% of volume and Q2's sales decline narrowing to 3.24% after a 30% drop in Q1.