Overview

• The Shenzhen-based automaker posted net income of 6.4 billion yuan for the quarter, a 29.9% year-on-year decline.
• Quarterly revenue reached 201 billion yuan, rising about 14% from a year earlier.
• Overseas deliveries hit 258,182 vehicles in Q2, up 144.7% year on year and 25.3% from Q1, as lower-priced models drew foreign buyers.
• BYD said intense price competition and excessive marketing in China had a periodic adverse impact on the industry.
• For the first half, net profit reached 15.5 billion yuan and revenue 371.3 billion yuan, both below Bloomberg survey forecasts of 23.5 billion and 408 billion.