WSJ Tech News Briefing · Friday, August 28, 2026
Chinese EV maker BYD saw its second-quarter net profit increase by 30%, driven by a significant expansion of its overseas exports. This growth comes as the company navigates an intense price war and slowing domestic demand. However, overall revenue declined by approximately 3% in the same quarter, and first-half net profit fell 21%.
“China's BYD, the world's top EV seller, may have turned a corner with the help of its rapid expansion overseas.”
“BYD's second quarter net profit rose 30%, despite a roughly 3% revenue decline.”
“The company's first half net profit fell 21% to $1.8 billion, with revenue dropping over 7%.”