BYD (BYDDF) Taps Foreign Demand as EV Price War Bites Bottom Line
Something quite unexpected happened around twenty days ago: BYD (BYDDF) reported a ~30% year-over-year drop in its Q2 2025 net profit figures — its first major earnings decline since 2021. Growth is still chugging along, but profitability took a hit. The understanding was that EV sales are booming, especially in China. So what’s going on?…