Chinese electric vehicle manufacturer BYD reported strong financial results for 2025 as global demand for new energy vehicles continued to support revenue growth.
The Shenzhen-based company said revenue for the first nine months of 2025 rose to 566.27 billion yuan ($79.5 billion), marking a 13% year-on-year increase and setting a record for the period.
Net profit attributable to shareholders during the first nine months reached 23.33 billion yuan ($3.3 billion), according to company disclosures.
In the third quarter alone, BYD reported revenue of 194.99 billion yuan ($27.4 billion), while quarterly net profit reached 7.82 billion yuan ($1.1 billion).
The company said its financial performance was supported by rising global sales of electric vehicles and plug-in hybrid models, which remain the core driver of BYD’s business. New energy vehicles accounted for the majority of the company’s automotive revenue during the reporting period.
BYD’s vehicle deliveries also continued to increase during the year. The automaker said global sales reached 3.26 million vehicles in the first nine months of 2025, reinforcing its position among the world’s largest producers of electric vehicles.
Research and development spending rose significantly during the period. BYD said R&D investment reached 43.75 billion yuan ($6.1 billion) in the first three quarters of 2025, a 31% increase year-on-year.
The company has expanded its global presence in recent years, with vehicle sales across Europe, Southeast Asia and Latin America. Overseas revenue reached 135.4 billion yuan ($18.9 billion) in the first half of the year, representing a sharp increase compared with the previous year.
Founded in 1995, BYD has grown from a battery manufacturer into one of the world’s largest producers of electric vehicles and energy storage systems. The company operates multiple automotive brands including BYD, Denza and Yangwang.
BYD is listed on the Shenzhen and Hong Kong stock exchanges and remains one of China’s most valuable automotive manufacturers. The company continues to invest in battery technology, electric vehicle platforms and international production capacity.
The automaker said continued expansion in global electric vehicle markets supported its financial performance during the reporting period.