BYD’s first-half profit soars 204.7% as China’s top-selling auto brand


28th August 2023 – (Beijing) BYD Co Ltd, China’s leading new energy vehicle manufacturer, announced a remarkable surge in its first-half profit on Monday, recording a staggering 204.7 per cent increase. The company’s exceptional performance was driven by breaking its delivery record and maintaining its position as China’s top-selling auto brand.

During the period from January to June, BYD achieved net earnings of 10.95 billion yuan (US$1.50 billion), marking a substantial growth of 204.7 per cent compared to the previous year’s figure of 3.6 billion yuan. This impressive financial success was supported by a substantial 72.7 per cent rise in revenue, reaching 260.12 billion yuan, as reported in BYD’s filing to the stock market.