BYD: Profit Crash of 30% - Annual Target at Risk!

BYD, China's leading electric vehicle manufacturer, reports a decline in quarterly profits for the first time in three years. The driving factors behind this development are intensified price competition domestically and a costly special bonus to dealers amounting to approximately €120 million. As a result, the company's shares experienced a drop of up to 8% – the largest daily loss since May 26. Quarterly profit falls by almost 30% In the second quarter of 2025, net profit decreased by nearly 30% to around €765 million, well below consensus...