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BYD'S QUARTERLY PROFIT FALLS FOR FIRST TIME IN 3-1/2 YEARS AS PRICE WARS BITE

  • NEWS Desk Global
  • Aug 29, 2025
  • 1 min read

Chinese electric vehicle maker BYD's quarterly profit fell for the first time in more than three years, as its expansion hit a speed bump amid a government campaign against price wars.

Net profit at the world's biggest EV producer totalled 6.4 billion yuan ($894.74 million) in the second quarter, it reported on Friday, down 29.9% from a year earlier, after rising 100.4% in the first quarter. Revenue increased 14% to 200.9 billion yuan in the three months to June 30.

 
 
 

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