BYD Stock Price (HKG:81211) Drops With Profits, Remains An Outperformer YTD
BYD’s stock price (HKG: 81211) experienced a downturn today following the release of the Chinese electric vehicle (EV) giant’s latest quarterly earnings, which revealed a significant drop in profits.
The decline is attributed to the intensifying price war within China’s competitive EV market, overshadowing otherwise strong revenue growth and global expansion efforts.
The BYD share closed down 3.82% in Hong Kong trading today, reflecting market concerns over BYD’s profitability. This drop follows the company’s report of a net profit of 6.36 billion yuan ($891 million) for the April-June quarter, a roughly 30% decrease compared to the same period last year.
Despite this recent dip, the stock remains up 21.39% since the start of 2025,…
