BYD reports strong first-half growth, global expansion in new energy vehicles

BYD Company Limited announced a 23.30% increase in revenue to RMB371,281m and a 13.79% rise in profit attributable to owners of the parent to RMB15,511m for the first half of 2025, primarily due to growth in its new energy vehicle business. The company maintained its leadership in both the Chinese and global new energy vehicle markets, with exports surging by 130% year-on-year to 1.06 million units and overall market share rising to 13.7%. R&D investment increased by 53.05% to RMB30,880m, reflecting a strong focus on technological innovation in electrification and intelligence.

Key product launches in H1 2025 include the "Xia" medium/large plug-in hybrid MPV, "Qin L EV" A+ class battery electric sedan, "SEALION 05 EV" A-class battery electric SUV, "Han L" and "Tang L" C-class flagship sedan/SUV, "SEALION 07 DM-i" B+ class plug-in hybrid SUV, "TAI 3" A-class battery electric SUV, and "Yangwang U7" D-class battery electric/plug-in hybrid sedan. The company's global expansion reached over 110 countries and regions across six continents, with the "Denza" brand officially entering Europe.

BYD also completed an H-share accelerated bookbuild offering, raising $5.6bn, and approved the 2025 Employee Share Ownership Plan, involving up to 25,000 employees with total subscription funds of no more than RMB4,100m. Post-reporting, the company issued two tranches of 2025 Sci-tech Innovation Bonds totaling RMB10bn. These initiatives reinforce BYD's position as a global leader in new energy solutions.