Cumulative R&D Investment Exceeds 270 Billion, BYD's 2026 Semi-Annual Report Proves Remarkably Stable

BYD's 2026 semi-annual report is out, revenue 344.8 billion, net profit 12.3 billion, taxes 22.3 billion, R&D investment 28.9 billion, does this count as losing money to invest in technology? Truly the "King of R&D"!

In my opinion, this actually highlights a solid foundation for sustained development! Although there is 167.4 billion cash on hand, dare to invest so much in R&D, where does the confidence come from? Overseas sales reached 790,000 units, up 68%, UK, Brazil, and Thailand all took the new energy sales champion. The three major high-end brands sold 228,000 units combined, up 61%. Both the high-end and overseas expansion paths are very smooth.

In short, it's about trading full-stack in-house R&D for initiative. BYD has cumulatively invested over 270 billion in R&D, what has it gained? 2nd Gen Blade Battery + Flash Charging tech, the fastest mass production charging speed globally; 10,000 Flash Charging stations already cover 332 cities, overseas also to build 6,000 stations; China's first self-developed 4nm intelligent driving chip Xuanji A3...... All these were forged with real money, not just PPT promises.

When the entire industry is shouting "We can't compete anymore", BYD uses densely deployed technical achievements to prove one thing: The true moat is never built through price wars.