BYD Co Ltd Class A

002594: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BYD Earnings: Results Missed on Volume and Currency Headwind; Vehicle Pricing a Positive Surprise

Vincent Sun

Apr 29, 2026

BYD’s first-quarter automobile segment revenue fell 16% year on year due to sluggish volume sales, but vehicle pricing staged a meaningful rebound thanks to a higher export mix. Coupled with a lackluster handset components business and exchange loss, net profit declined 55% year on year.

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BYD Co Ltd Class A

BYD Earnings: Results Missed on Volume and Currency Headwind; Vehicle Pricing a Positive Surprise

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