BYD: 30% Profit Drop After Three Years of Growth

Shares of the Chinese electric vehicle company BYD, the world's largest, fell after announcing a 30% drop in profits for the second quarter of 2025. This is the first such decline in over three years.

BYD's net profit decreased to 6.4 billion yuan ($895 million) compared to the previous year, following a doubling of profits in the first quarter.

BYD shares on the Hong Kong Stock Exchange closed down 5.2%, after an 8% drop at the open.