BYD profit grows again as exports soften China’s price-war squeeze

BYD’s second-quarter net profit rose nearly 30% from a year earlier to 8.2 billion yuan, or about $1.2 billion, its first year-on-year gain in five quarters. The turnaround came even as quarterly revenue slipped 3.2%, suggesting the company is improving what it earns on each car rather than simply selling more. Faster overseas sales and a bigger contribution from higher-priced models helped offset aggressive discounting and softer demand in China, BYD’s home market. That matters because global expansion is becoming a financial buffer—but first-half profit was still down about a fifth, showing the pressure at home has not gone away.