BYD's First-Half Profit Slides 20.5% as Overseas Gains Can't Make Up for China Slowdown

BYD reported a 20.5% drop in profit for the first half of the year, as improving overseas sales were not enough to counter softer demand at home. The result points to growing pressure on the Chinese EV maker even as it continues to expand outside its home market.

The decline reflects weaker conditions in China, where intensifying competition and price adjustments have weighed on margins across the electric vehicle sector. BYD’s international business continued to grow, but that momentum was insufficient to offset the domestic shortfall during the period.

The figures underline the balancing act facing BYD as it pushes further into global markets while managing a challenging environment in China, the world’s largest auto market.