Wedoany.com Report-Aug. 30, On August 29, BYD announced its financial results for the first half of 2025, reporting strong revenue growth, rising research and development (R&D) spending, and rapid progress in overseas markets.

For the period, revenue reached about 371.3 billion yuan, an increase of 23.3% year on year. Net profit attributable to shareholders was 15.51 billion yuan, up 13.8% from the same period in 2024. Adjusted net profit rose 10.4% to 13.599 billion yuan. The company’s cash reserves stood at 156.1 billion yuan, reflecting a solid financial position.

While revenue growth remained robust, profitability was moderated by competitive pricing pressures. Gross margin for the first six months of 2025 was 18%, generally unchanged compared with last year.

Automobiles and related products contributed 302.5 billion yuan in revenue, a 32.5% year-on-year increase, accounting for 81.5% of total sales. In comparison, handset components and assembly recorded 68.7 billion yuan in revenue, a 5.5% decline from a year earlier. This demonstrates the growing weight of the auto segment as BYD’s primary business driver.

Overseas sales were a highlight. Revenue from international markets reached 135.4 billion yuan, representing a 130% year-on-year surge. In markets such as Germany, Brazil, Israel, Australia, and Thailand, BYD’s models were often priced higher than in China. Some premium models are approaching the pricing levels of established global brands such as Mercedes-Benz and BMW, supporting profitability in foreign markets.

The company has been expanding its global presence steadily. In May, it set up its European headquarters in Hungary, while in April, it began construction of a new plant in Cambodia. In addition, BYD has started operating its own shipping fleet to support international deliveries.

Investment in R&D amounted to 30.88 billion yuan in the first half of 2025, up 53% year on year and significantly exceeding net profit. Since its establishment, BYD has invested over 210 billion yuan in R&D, underlining its commitment to a technology-driven growth strategy.

By the end of July, BYD had sold 2.49 million vehicles worldwide in 2025, an increase of 27.4% compared with the same period in 2024. Overseas deliveries exceeded 550,000 units, already surpassing full-year 2024 levels, with year-on-year growth above 130%.

Overall, BYD’s H1 2025 performance shows strong revenue growth, rising global sales, and accelerated investment in technology, positioning the company for continued expansion in both domestic and international markets.