BYD Q1 net profit fell >50% to 4.09 bn yuan, revenue down ~12% to 150.23 bn yuan, meeting profit expectations.
Shares rose 3.9% to HK$107.70, outpacing Hang Seng’s 1% gain, while mainland shares gained over 2%.
Exports made up about 45% of 700,463 vehicles sold, supporting growth amid a weakening Chinese market.
BYD aims to hit its 2026 overseas sales target of 1.5 million vehicles, having overtaken Tesla as 2025’s top EV seller.