Here's Exactly What Drove BYD's 30% Spike in Profits -- Is It Still a Smart Buy?
After four quarters of declining net profit, BYD finally reversed the trend thanks to a surge in more profitable exports. Here's why it's still a smart buy.
Overview
Investors following the global automotive industry know the name BYD (OTC: BYDDY) after its impressive surge over the past few years, even managing to top Tesla in global full electric-vehicle (EV) sales in 2025. In fact, BYD has grown its number of new energy vehicles (NEVs), which includes hybrids as well as EVs, from 1.86 million vehicles in 2022 to 4.6 million in 2025.
Despite its delivery growth and international expansion, the company has struggled with earnings because of an intense and lengthy price war in China's domestic auto market. The good news? BYD reversed its trend of losses and posted a 30% spike in profit during the second quarter. Here's how.
BYD is even venturing into Japan with its Rocco -- a market few foreign automakers attempt to enter. Image source: BYD Co.
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Originally published at www.fool.com.