foreign exchange

BYD H1 net profit falls 20.5% on China NEV weakness, FX losses

BYD's first-half net profit dropped 20.5% year-on-year to 12.33 billion yuan as domestic NEV sales weakness and foreign-exchange losses offset strong overseas growth. Overseas deliveries surged 67.8% to about 792,000 vehicles, lifting gross margin to 18.85%.