As of July 2026, BYD's trailing twelve-month revenue is $107.28 billion USD, with 2024 revenue of $107.87 billion USD, an increase from $84.92 billion USD in 2023. The company produced 4.60 million vehicles in 2025 and 155.7 GWh of electric vehicle batteries in 2024, demonstrating scale advantages in both EV manufacturing and battery supply. Its dominant domestic position in China and growing international presence provide competitive leverage in the rapidly expanding EV market.
Cyborg Score Rationale
BYD demonstrates strong financial growth, massive production scale, and vertical integration across EVs, batteries, and energy storage. The company's 34.68% profit increase in 2026 and leading market position support operational momentum. Execution risks remain tied to global EV adoption, supply chain volatility, and intensifying competition from Tesla and Chinese rivals.
Top Insights
BYD achieved 34.68% net profit growth to 47.42 billion CNY in 2026, signaling strong cost control and margin expansion as EV market matures, though growth rate moderation versus 2024-2025 suggests margin pressures.
4.60 million vehicle production in 2025 (up sharply from prior years) demonstrates manufacturing scale that rivals traditional automakers, enabling competitive pricing while maintaining profitability across sedan, SUV, and budget EV segments.
Vertical integration across batteries (155.7 GWh in 2024), vehicles, photovoltaics, and energy storage reduces supply-chain risk and enables bundled solutions; however, battery commodity-price sensitivity and Chinese EV subsidy phase-out pose near-term headwinds.
Named Competitors
Tesla — Premium EVs and energy storage
Li Auto — Premium EVs and extended-range vehicles
XPeng Motors — Smart EVs with autonomous driving
NIO — Premium EV brand with battery-swap network
GAC Aion — Battery and mass-market EVs
Recent Developments
(July 2026) TTM revenue of $107.28 billion USD as of latest reporting period
(2026) Net profit of 47.42 billion CNY, 34.68% increase year-over-year
(2025) Produced 4.60 million vehicles; 869,600 employees as of December 2025
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