BYD has posted its first profit increase in five quarters, as booming overseas demand balances weaker sales in China.
The Chinese EV maker reported net profit of around USD 1.2 billion for the April–June 2026 quarter, up about 30% year-on-year. At the same time, revenue slipped roughly 3%, highlighting how price pressure and slowing demand at home are affecting its core market.
Competition from brands such as **Geely and Xiaomi, along with the phase-out of several Chinese government subsidies**, has weighed on BYD’s domestic business.
To offset this, BYD is rapidly expanding abroad, especially in Europe. In the first half of 2026, overseas revenue made up more than half of the company’s total revenue for the first time. BYD exported 792,000 vehicles in the period, a 68% year-on-year jump, with sales in Europe and the UK up nearly 2.5 times.
Globally, BYD sold more electric vehicles than Tesla in the first half of 2026. However, its combined EV and plug-in hybrid sales fell about 3% in the second quarter, while the company also faces rising raw material and R&D costs as it expands fast-charging infrastructure and launches new models.
For Nepali buyers watching global EV trends, BYD’s shift toward exports and Europe-focused growth signals that more competitive Chinese EVs could reach markets like Nepal over time, although no new Nepal-specific BYD plans or prices have been announced yet.
Writes on vehicle pricing, taxation and the Nepali auto market from ongoing tracking of distributor price lists. Editorial policy.
