BYD Records 100.4% Profit Surge in Q1 2025, Fastest Growth in Nearly Two Years
BEIJING. BYD's reputation as China's leading electric vehicle manufacturer has yielded strong financial results. The company's Q1 2025 profit surged 100.4% year-on-year, the fastest pace in nearly two years.
This was driven by the Chinese electric vehicle giant expanding its advantage in the competitive domestic market by launching a smart electric vehicle price war.
As quoted by Reuters on Friday (25/4), during Q1 2025, BYD's net profit reached 9.2 billion yuan, equivalent to US$1.26 billion, according to a stock exchange filing on Friday.
BYD's profit fell within the company's earlier estimate of 8.5 billion yuan to 10 billion yuan. The profit surge was supported by rising revenue. In Q1 2025, BYD's revenue reached 170.4 billion yuan, up 36.4% year-on-year compared with a 10.6% increase in the previous quarter.
This was driven by the Chinese electric vehicle giant expanding its advantage in the competitive domestic market by launching a smart electric vehicle price war.
As quoted by Reuters on Friday (25/4), during Q1 2025, BYD's net profit reached 9.2 billion yuan, equivalent to US$1.26 billion, according to a stock exchange filing on Friday.
BYD's profit fell within the company's earlier estimate of 8.5 billion yuan to 10 billion yuan. The profit surge was supported by rising revenue. In Q1 2025, BYD's revenue reached 170.4 billion yuan, up 36.4% year-on-year compared with a 10.6% increase in the previous quarter.