News about BYD

The article compares BYD, which is expanding its proven EV manufacturing model overseas, with Tesla, which is shifting toward robotaxis, robots, energy storage and AI. BYD's overseas revenue reached RMB181.3 billion in the first half of 2026, about 53% of total revenue, and its August overseas shipments rose 134.5% while domestic sales fell 14.3%. Yet its first-half revenue fell 7.1% and net profit dropped 20.5%. Tesla's car business still produced 73% of its $28.2 billion Q2 2026 revenue, but it plans more than $25 billion of capex this year, and its price-to-sales ratio of 12.4 compares with BYD's 1.3. The author concludes there is no simple answer: BYD suits investors who prioritise current earnings and valuation, while Tesla suits those willing to pay for transformational new businesses.