25 Ogos, acara "2026 Laluan Sutera 10,000 Mil Perjalanan·Jalan Pencerahan" yang bekerjasama perjalanan eksklusif sepanjang masa bersama BYD telah berjaya diselesaikan dengan lancar di Singapura, pengurusan BYD dan ketua kumpulan media terpadu penyiaran Shaanxi bersama-sama mengisytiharkan berakhirnya acara tersebut, para tetamu dari dalam dan luar negara, wakil komuniti perantauan serta media berkumpul di Bandar Singa, bersama-sama menyaksikan Laluan Sutera Darat dan Laut memancarkan tenaga baharu zaman baharu.

Tahun 2026 adalah tahun kelima bagi penubuhan hubungan perkongsian strategik komprehensif Cina-ASEAN, acara ini bertema "Teknologi Menuju Kebaruan·Peradaban Menuju Kesatuan", menyambungkan titik permulaan Laluan Sutera Darat Xi'an dan hab Laluan Sutera Laut Singapura, menggabungkan pertukaran budaya, dialog teknologi dan perniagaan perdagangan, menggambarkan dengan jelas makna pembangunan penghubungan Darat dan Laut "Inisiatif Jalur dan Sabuk". Ekspedisi Laluan Sutera kali ini mengambil masa 33 hari, perjalanan melebihi 10,000 kilometer, pasukan kereta merentasi enam wilayah dalam negara, merentasi Thailand, Malaysia, akhirnya tiba di Singapura, mentafsir semula semangat Laluan Sutera dengan konsep perjalanan baharu hijau tenaga baharu.

Pasukan kereta acara ini berkumpul model kereta tenaga baharu pelbagai jenama BYD Dinasti, Laut, Denza, Fang Cheng Bao, Yangwang, disesuaikan dengan keadaan jalan yang kompleks seperti lebuh raya, jalan gunung, sesak bandar, bergantung kepada dua teknologi teras BYD iaitu Pengisian Pantas dan Pemanduan Autonomi Mata Dewa serta rangkaian hampir 10,000 stesen pengisian pantas dalam negara, secara berkesan menyelesaikan kesukaran pengisian kuasa perjalanan jauh. Membenarkan mod bekalan pos tradisional Laluan Sutera purba ditukar kepada ekspedisi hijau moden yang diberi kuasa teknologi.

Seperti diketahui umum, kos membeli kereta di Singapura tinggi, pilihan pengguna berhati-hati, ambang pasaran ketat, tetapi BYD sentiasa mengekalkan prestasi pasaran yang kuat, sehingga Julai 2026, BYD telah berturut-turut 19 bulan menduduki tempat pertama jualan kereta penumpang semua jenama di Singapura, 1 hingga 7 bulan tahun ini saiz pasaran kereta penumpang tempatan mencapai 24.7%, saiz pasaran kereta tenaga elektrik semata-mata setinggi 40.3%, walaupun jualan kereta kelas pertengahan hingga tinggi masih tetap di atas, mencerminkan dengan mencukupi reputasi jenama dan kekuatan produk.

Tahun 2026, perniagaan luar negara BYD berkembang pesat, 1 hingga 7 bulan jualan luar negara terkumpul melebihi 970,000 buah, kenaikan tahun ke tahun 76%, di mana 7 bulan jualan luar negara kenaikan tahun ke tahun mencapai 124.3%. Pada masa ini, kereta tenaga baharu BYD telah menempatkan di lebih 120 negara dan wilayah di seluruh dunia, di ASEAN, Eropah, Amerika Selatan, Timur Tengah, Afrika di banyak negara dan wilayah menduduki tempat pertama senarai jualan tenaga baharu.

Laluan Sutera jauh tenaga hijau menyertai, Perjalanan 10,000 Mil Laluan Sutera kali ini, menggabungkan pencarian budaya Laluan Sutera dengan perjalanan hijau merentasi negara, menunjukkan hasil baharu pembangunan semula bantuan negara China untuk perkembangan pengangkutan hijau "Inisiatif Jalur dan Sabuk", pada masa hadapan, BYD akan berterusan dengan produk tenaga baharu sebagai wahana, terlibat secara mendalam dalam kerjasama industri automotif global, membantu peralihan hijau dan rendah karbon pengangkutan global.

25 Ogos, di Singapura Kota Singa, "Perjalanan Ribuan Li Jalur Sutera 2026·Jalan Pencerahan" berakhir dengan sempurna. Sebagai rakan kongsi perjalanan sepanjang acara ini—Armada BYD Tenaga Baharu menempuh masa 33 hari, berlepas dari titik permulaan Jalur Sutera Purba Xi'an, merentasi enam wilayah domestik, melintasi Thailand dan Malaysia akhirnya tiba di Singapura Kota Singa. Perjalanan jauh Jalur Sutera ditemani tenaga hijau, perjalanan ribuan batu kali ini memaparkan keupayaan teknologi BYD dengan sempurna.

Pengarah Urusan Brand dan Public Relations Kumpulan BYD, Li Yunfei dan Setiausaha Parti, Pengerusi dan Pengarah Urusan Syarikat Media Terpadu Televisyen Shaanxi, Zhang Lianye mengisytiharkan acara tamat dengan sempurna bersama-sama. Tahun 2026 adalah ulang tahun ke-5 penubuhan rakan kongsi strategik menyeluruh China-ASEAN, dan tema perjalanan jauh ini ialah "Teknologi Menuju Baharu·Peradaban Menuju Hati". Mungkin ada ramai rakan yang berasa tertanya, mengapa acara kali ini memilih Xi'an dan Singapura Kota Singa sebagai titik permulaan dan akhir? Kerana Xi'an, bandar purba kita ialah titik permulaan Jalur Sutera Purba, manakala Singapura ialah hab laut utama yang menghubungkan Timur dan Barat.

Dalam zaman purba beribu-ribu tahun dahulu, pedagang melalui Jalur Sutera Purba untuk menghantar barang, meningkatkan perdagangan, melengkapkan penghantaran dan pertukaran teknologi serta peradaban. Dan pada hari ini, industri kenderaan tenaga baharu kita meneruskan tongkat estafet, dengan teknologi pintar, percampuran budaya, perdagangan dan ekonomi saling terhubung, menyaksikan Jalur Laut dan Darat Sutera era baru bersinar semula dengan gema peradaban baru, menunjukkan secara langsung nilai zaman pembangunan terkunci darat dan laut "Jalur dan Sabuk". Kereta BYD diterima di pasaran kereta Singapura, jumlah penjualan di pasaran luar negara terus meningkat. Mengikut statistik, Januari-Julai penjualan luar negara melebihi 970,000 unit, jejaknya merangkumi lebih 120 negara dan wilayah di seluruh dunia.

Armada BYD untuk perjalanan jauh kali ini sangat kuat, siri Wangsa, siri Lautan, jenama Fangchengbao dan jenama Yangwang BYD semuanya ada model yang "beraksi". Menghadapi keadaan jalan yang kompleks seperti lebuh raya, jalan pergunungan, kesesakan bandar, dll, menyelesaikan ujian ketat yang nyata, atau boleh dikatakan ujian yang amat ketat. Kerana ujian penerusan jarak yang sangat panjang + keadaan jalan kompleks memerlukan kereta mempunyai keupayaan panduan pintar yang sangat kuat dan yang paling penting kelajuan cas semula tenaga.

Dan yang patut disyukuri, teknologi teras BYD iaitu cas pantas dan sistem bantuan pemanduan "Mata Dewa" menampung ujian dunia nyata ribuan batu: kemampuan cas pantas "5 minit cas penuh, 9 minit cas maksimum", membolehkan kereta mengekalkan keupayaan jarak jauh yang mencukupi, mengurangkan pembaziran masa yang tidak perlu. "5 minit cas penuh, 9 minit cas maksimum" dalam kerja dan perjalanan harian kita, mungkin hanya parameter masa yang sangat singkat sahaja, tetapi dalam perjalanan negara yang merentasi ribuan batu, kecekapan cas semula tenaga menjadi sangat penting, kerana kecekapan cas semula tenaga akan memberi kesan kepada kecekapan perjalanan seluruh armada.

Dan di pihak lain, sistem bantuan pemanduan pintar "Mata Dewa" juga tahan ujian ketat jalan sebenar. Dalam proses pemanduan jarak jauh, yang benar-benar menyebabkan orang rasa letih, bukan tahap kesukaran keadaan jalan tertentu, tetapi tepat pemanduan berterusan selama berjam-jam, inilah yang paling sukar ditanggung oleh pemandu. Mata Dewa bergantung pada data jalan sebenar yang banyak untuk sentiasa dipermudahkan, menyediakan bantuan pemanduan dalam senario seperti lebuh raya, jalan layang bandar, membuat pemanduan jarak jauh lebih selesa. Mengikut statistik, data perjalanan sebenar puranya harian lebih 220 juta kilometer. Oleh itu, makna kali ini ialah, BYD bukan berhenti pada sidang pelancaran dan jadual spesifikasi, tetapi terus membawa kenderaan ke ribuan batu jauhnya, menggunakan jalan sebenar untuk mengesahkan teknologi.

Destinasi akhir acara kali ini, Singapura, juga patut diberi perhatian kita. Sehingga Julai 2026, BYD telah berturut-turut 19 bulan menjadi tempat pertama jualan jenama keseluruhan kereta persendirian di Singapura. Januari hingga Julai tahun ini, bahagian pasaran BYD untuk kereta persendirian di Singapura mencapai 24.7%, bahagian pasaran kereta elektrik tulen lebih tinggi lagi mencapai 40.3%. Perlu diketahui Singapura adalah antara pasaran dengan kos memiliki kereta yang tinggi di seluruh dunia, secara mudah, ambang membeli kereta di Singapura sangat tinggi, jadi pengguna Singapura semasa memilih kereta menunjukkan sikap sangat berhati-hati. Dan di bawah sikap berhati-hati pengguna ini, jualan BYD masih mengekalkan kepimpinan, ini menunjukkan produk BYD sedang mendapat pengiktirafan daripada semakin ramai pengguna luar negara.

Sekarang, BYD telah menyusun 16 lokasi titik runcit di Singapura, beberapa kedai telah memasuki pusat beli belah teras setempat. Jika pandangan dipindahkan ke seluruh dunia, Januari hingga Julai tahun ini, jumlah penjualan luar negara terkumpul BYD telah melebihi 970,000 unit, meningkat secara tahunan sekitar 76%; bulan Julai penjualan luar negara mencapai 179,800 unit, meningkat secara tahunan 124.3%. Sehingga kini, kenderaan tenaga baharu BYD telah memasuki lebih 120 negara dan wilayah di seluruh dunia. Dari Thailand, Singapura, hingga Eropah, Amerika Selatan, Timur Tengah dan Afrika, semakin banyak tempat boleh melihat wujud kenderaan tenaga baharu China.

Aktiviti Perjalanan Ribuan Li Jalur Sutera kali ini menggabungkan lawatan budaya Jalur Sutera dengan perjalanan negara antarabangsa kenderaan tenaga baharu, menunjukkan perkembangan terkini yang dilalui oleh jenama China dalam mengambil bahagian dalam pembinaan bersama pembangunan pengangkutan hijau negara "Jalur dan Sabuk". Perjalanan jauh Jalur Sutera ditemani tenaga hijau, BYD memanfaatkan lawatan Jalur Sutera, menaikkan secara lebih lanjut kedudukan jenama kenderaan tenaga baharu kebangsaan sendiri di pasaran kereta luar negara. Pada masa yang sama membolehkan rantaian industri kenderaan tenaga baharu kita, pembuatan pintar dan konsep perkhidmatan berakar di pasaran kereta global, akhirnya akan mencapai sepenuhnya idea pengangkutan hijau dan perlindungan alam sekitar.

25 Ogos, "Perjalanan Jalan Sutra 10,000 Li 2026・Jalan Inspirasi" upacara penamat diadakan di Singapura, sebagai rakan kongsi pengangkutan untuk keseluruhan acara ini, pasukan kenderaan baharu BYD menempuh perjalanan lintas negara selama 33 hari, berjaya menyempurnakan perjalanan jarak jauh 10,000 li ini melalui Rangkaian Media Xinhua. Ketua Jabatan Merek dan Hubungan Awam Kumpulan BYD Li Yunfei bersama Ketua Kumpulan Media Terpadu Televisyen Shaanxi Zhang Lianye mengumumkan bersama ekspedisi merentasi banyak negara ini ditamatkan dengan jayanya.

Pasukan kenderaan baharu ini terdiri daripada lima rangkaian empat jenama BYD Dynasty, Ocean, Denza, Fang Cheng Bao, Yangwang, berlangsung selama 33 hari, mengembara lebih 10,000 km, berangkat dari Xi'an, permulaan Jalan Sutra Darat, merentasi enam wilayah di China, melewati Thailand, Malaysia, akhirnya tiba di hub Jalan Sutra Laut Singapura, berjaya melalui semua keadaan jalan termasuk lebuh raya, jalan pergunungan, dan kesesakan bandar.

Adalah bernilai untuk diperhatikan, dua teknologi teras utama BYD menunjukkan prestasi cemerlang dalam ujian jalan nyata sejauh 10,000 li kali ini: teknologi pengecasan pantas mereka mencapai pengalaman "5 minit dicas sempurna, 9 minit dicas penuh", bergantung kepada rangkaian hampir 10,000 stesen pengecas pantas di seluruh negara, sepenuhnya menyelesaikan kebimbangan pengisian tenaga untuk perjalanan jauh lintasnegara; sistem pemanduan terbantu Tian Shen Zhi Yan berterusan mengemaskini berdasarkan data pemanduan sebenar harian melebihi 220 juta kilometer, mengurangkan beban keletihan pemanduan jarak jauh dengan ketara, menjamin perjalanan lancar pasukan ke Asia Tenggara seluruhnya, membiarkan pemandangan tradisional bekalan kafilah unta di stesen Jalan Sutra kuno berevolusi menjadi ekspedisi hijau moden yang digerakkan oleh teknologi.

Sebagai aktiviti tema bagi ulang tahun ke-5 hubungan perkongsian strategik menyeluruh China-ASEAN yang didirikan pada 2026, perjalanan Jalan Sutra kali ini berteras "Teknologi Inovatif, Peradaban Bersatu", mengintegrasikan secara mendalam pertukaran budaya, perbincangan teknologi, dan interaksi perdagangan, ia juga mencerminkan hasil pendalaman BYD dalam pasaran luar negara. Sehingga Julai 2026, BYD telah menduduki tempat pertama dalam jualan semua jenama kereta persendirian di Singapura selama 19 bulan berturut-turut, bahagian pasaran kereta persendirian di kawasan itu mencapai 24.7% untuk Januari-Julai tahun ini, bahagian pasaran kereta elektrik tulen juga melebihi 40.3%, walaupun di Singapura, pasaran dengan kos pembelian kereta tinggi dan pemilihan pengguna yang sangat berhati-hati, BYD tetap teguh berdiri berdasarkan kekuatan produk yang kukuh, pada masa ini telah melancarkan 16 titik runcit di kawasan tersebut, sesetengah kedai terus memasuki pusat perniagaan utama, kesedaran jenama terus meningkat.

Melihat ke seluruh dunia, perniagaan luar negara BYD pada tahun 2026 mengekalkan pertumbuhan yang pantas, jumlah jualan luar negara Januari-Julai melebihi 970,000 kenderaan, pertumbuhan setanding kira-kira 76% tahun ke tahun, jejak sudah meliputi lebih 120 negara dan wilayah di seluruh dunia, memuncaki senarai utama jualan kenderaan baharu di negara-negara seperti Thailand, Singapura, Itali, Sepanyol, Brazil, dan lain-lain. Perjalanan Jalan Sutra 10,000 li ini, memang merupakan nota hidup BYD menggunakan kenderaan baharu sebagai perumah, menyertai bersama membina pembangunan pengangkutan hijau "Jalur Sutera dan Sabuk Ekonomi", dan mempromosikan transformasi hijau industri automotif global.

The 'Early Car Insight' latest report indicates that BYD released its 2026 first-half financial report on the evening of August 28, with key indicators remaining stable: operating revenue of 344.8 billion yuan, net profit attributable to parent company shareholders of 12.3 billion yuan, R&D investment of 28.9 billion yuan, and cash reserves of 167.4 billion yuan. Of note, net profit in the second quarter grew 30% year-on-year, gross margin continued its upward trend, reaching 18.9%, setting a new high for the past year, with steadily improving profitability, resilient growth solidifying its industry standing.

Amidst intensifying competition in the automotive industry, BYD relies on its solid operational foundation and continuously optimized business structure, with positive development trends in the first half, further consolidating its industry leader position.

In the first half, BYD's overseas sales reached 790,000 units, up 68% year-on-year. Business covers over 120 countries and regions, topping the EV brand sales charts in core markets like the UK, Brazil, and Thailand. With the release of overseas localized production capacity and the continuous improvement of the channel system, the overseas sector has become an important engine driving company performance growth.

At the same time, the high-end product matrix accelerated volume growth. The combined sales of Fang Cheng Bao, Denza, and Yangwang brands reached 228,000 units, a 61% year-on-year increase, accounting for 12.6% of total sales. Among them, Fang Cheng Bao brand sales reached 160,000 units, up 163% year-on-year; Denza brand also performed well, with June sales breaking 20,000 units for the first time, average product price reaching 360,000 yuan; Yangwang is the domestic new energy brand with the fastest sales breakthrough to 10,000 units in the million-yuan luxury car segment.

Internationalization and high-endization advancing on two tracks, promoting continuous optimization of company product structure and steady enhancement of profitability. Net profit in the second quarter grew 30% year-on-year, gross margin reached 18.9%, setting a new high in nearly a year. Although net profit faced short-term pressure, upon detailed analysis, this was mainly due to exchange losses from currency fluctuations this year. The company's main business profitability remained stable, and development resilience became increasingly prominent.

Operating quality steadily climbed. The core driver lies in continuous technological breakthroughs. In the first half of 2026, company R&D investment was 28.9 billion yuan, far exceeding net profit for the same period, ranking as the A-share "King of R&D" again, with cumulative R&D investment exceeding 270 billion yuan.

High-intensity R&D investment is accelerating the transformation into perceivable technological achievements. Released in March this year, the second-generation Blade Battery and Flash Charge technology created a global production record for fastest charging speed, tackling the global problems of "slow charging" and "difficult charging at low temperatures", receiving authoritative recognition from the Ministry of Industry and Information Technology. Beyond technological breakthroughs, second-generation Blade Battery production capacity and Flash Charging station construction are speeding up simultaneously. Relying on the "Flash Charge China" strategy, 10,000 Flash Charging stations have been built nationwide covering 332 cities, and plans are in place to deploy 6,000 stations overseas within a year, helping global electrification leapfrog development.

Intelligent driving field also achieved key progress. After ensuring safety for smart parking, BYD took the lead in May to promise safety backing for city navigation, becoming the only enterprise globally with "dual safety backing", promoting assisted driving popularization with practical actions. As of July 31, BYD assisted driving models in fleet size over 3.52 million units, Divine Eye generates over 220 million kilometers of data daily. Xuanji A3 released at the same time is China's first self-developed 4nm process intelligent driving chip. From underlying chips to system software, BYD continues to promote vertical integration and full-stack self-research, leading the intelligent transformation of the global automotive industry.

Practicing social responsibility, BYD answers with action. In the first half of 2026, BYD's total domestic tax payment was 22.3 billion yuan, far exceeding net profit for the same period. In terms of sustainable development, the company firmly anchors the goal of "achieving carbon neutrality across the entire value chain by 2045", ESG performance remains in the first tier of domestic enterprises. From January to June, BYD new energy vehicle full life cycle carbon emission reduction reached 23.17 million tons, equivalent to planting 386 million trees, contributing practical power to low-carbon transition.

Insight into Cars:

In the view of "Early Car Insight", in the first half of 2026, the global automotive industry accelerated restructuring, industry profitability generally faced pressure. BYD broke through against the trend, second-quarter performance reached a new level. With technological achievements continuing to emerge in the second half, the proportion of high-end models steadily rising, and global layout entering the harvest period, corporate profitability and development potential will become more prominent. Annual performance is expected to improve quarter by quarter and continue climbing. From technological breakthroughs to global layout, from high-end breakthrough to responsibility, the company is reshaping growth logic with comprehensive competitiveness and leading the global industry transformation.

It is understood that BYD will continue to deepen education and charity causes in the future, orderly launch new energy science popularization exhibition project, promote inclusive sharing of high-quality sci-tech resources, cultivate new era youth innovation power, empower education with sci-tech, and assist development with low carbon, practicing corporate sustainable development mission with practical actions.

Majalah Kereta Awal terkini mengetahui, BYD telah mengeluarkan laporan kewangan paruh pertama 2026 pada malam 28 Ogos, pelbagai petunjuk teras kekal stabil: Hasil jualan 344.8 bilion yuan, laba bersih induk 12.3 bilion yuan, pelaburan penyelidikan dan pembangunan 28.9 bilion yuan, rizab tunai 167.4 bilion yuan. Yang perlu diberi perhatian ialah, laba bersih suku kedua meningkat 30% secara tahunan, margin kotor terus mendaki, mencecah 18.9%, mencapai rekod tertinggi dalam setahun terkini, keupayaan keuntungan meningkat stabil, pertumbuhan kukuh memperkukuh kedudukan industri.

Persaingan industri automotif semakin sengit, dengan tapak operasi yang kukuh dan struktur perniagaan yang sentiasa dioptimumkan, BYD mencatatkan perkembangan yang berterusan meningkat baik pada paruh pertama tahun ini, kedudukan sebagai pemain utama industri semakin diperkukuh.

Paruh pertama tahun ini, jualan luar BYD mencecah 790,000 kenderaan, meningkat 68% secara tahunan, perniagaan merangkumi lebih 120 negara dan wilayah, menduduki puncak jenama kenderaan baharu di pasaran utama seperti United Kingdom, Brazil, Thailand. Bersertai pelepasan kapasiti tempatan luar negara dan penyelesaian sistem saluran yang berterusan, sektor luar negara telah menjadi enjin penting memacu pertumbuhan prestasi syarikat.

Pada masa yang sama, matriks produk bahagian atas mempercepat kuantiti, Fang Cheng Bao, Denza dan Yangwang tiga jenama jumlah jualan 228,000 kenderaan, meningkat 61% secara tahunan, naik ke 12.6% daripada jumlah jualan, Fang Cheng Bao jualan 160,000 kenderaan, meningkat 163%; Denza juga kelihatan cemerlang, jualan Jun pertama kali tembus 20,000 kenderaan, harga purata produk 360,000 yuan; Yangwang adalah jenama kenderaan mewah tahap juta yuan baharu kebangsaan terjual pantas tembus 10,000 kenderaan.

Pendekatan antarabangsa dan bahagian atas bergerak bersama, mendorong struktur produk syarikat dioptimumkan, keupayaan keuntungan meningkat, laba bersih suku kedua meningkat 30% secara tahunan, margin kotor mencecah 18.9%, mencapai rekod tertinggi setahun. Walaupun laba bersih tertekan jangka pendek, tetapi jika dikaji, punca utama kerugian pertukaran mata wang akibat fluktuasi kadar mata wang tahun ini, keuntungan perniagaan utama kekal stabil, ketahanan perkembangan semakin ketara.

Kualiti operasi meningkat stabil, pendorong teras在于 terobosan teknologi berterusan. Paruh pertama 2026, syarikat pelaburan R&D 28.9 bilion yuan, jauh melebihi laba bersih masa sama, juara R&D Saham A lagi, jumlah pelaburan R&D telah tembus 270 bilion yuan.

Pelaburan R&D intensif sedang mempercepat kepada hasil teknologi boleh dirasakan. Mac tahun ini mengeluarkan Bateri Blade Generasi Kedua dan teknologi Cas Pantas, mencipta rekod kelajuan cas pengeluaran termaju dunia, menewaskan masalah dunia "Cas lambat" dan "Cas sukar suhu rendah", mendapat pengiktirafan rasmi Kementerian Perindustrian. Selain terobosan teknologi, kapasiti Bateri Blade Generasi Kedua dan pembinaan stesen Cas Pantas dipermudahkan, berdasarkan strategik "Cas Pantas China", kini negara telah bina 10,000 stesen Cas Pantas, merangkumi 332 bandar, dan pelan sebarkan 6,000 stesen Cas Pantas luar negara dalam tahun ini, bantu perkembangan elektrik global lonjak.

Bidang kecerdasan juga capai kemajuan penting, selepas jaminan keselamatan parkir pintar, BYD Mei pertama janji jaminan keselamatan panduan bandar, syarikat tunggal global "dua jaminan", dengan tindakan nyata memacu kepakaran pemanduan bantuan. Hingga 31 Julai, jumlah model pemanduan bantuan BYD lebih 3.52 juta kenderaan, Tian Shen Zhi setiap hari hasil data lebih 220 juta kilometer. Mesej A3 yang dirilis masa sama, cip pemanduan pintar 4nm reka bentuk sendiri China pertama, dari cip asas ke perisian sistem, BYD teruskan integrasi menegak dan reka bentuk sendiri sepenuhnya, pimpin perubahan kecerdasan industri automotif global.

Laksanakan tanggungjawab sosial, BYD jawab dengan tindakan. Paruh pertama 2026, jumlah cukai dalam negara BYD 22.3 bilion yuan, jauh melebihi laba bersih masa sama. Dalam aspek kelestarian pembangunan, syarikat tegas sasaran "2045 capai neutral karbon seluruh rantai nilai",表现 ESG kekal pertama barisan syarikat dalam negara. Jan-Jun, pengurangan karbon kenderaan baharu BYD sepanjang hayat 23.17 juta tan, sama dengan tanam pokok 386 juta pokok, sumbangkan tenaga nyata kepada transformasi rendah karbon.

Pakar Memahami Kereta:

Pandangan "Pakar Kereta Awal", paruh pertama 2026, industri automotif global mempercepatkan pembinaan semula, keuntungan industri umum tertekan. BYD lawan trend tembus, suku kedua prestasi naik tahap baru. Dengan hasil teknologi akhir tahun berterusan, bahagian atas model meningkat stabil, globalisasi masuk fasa panen, keupayaan keuntungan syarikat dan potensi pembangunan semakin ketara, prestasi tahun penuh berharap naik berperingkat, terus menaik. Dari terobosan teknologi ke globalisasi, dari bahagian atas tembus ke tanggungjawab, syarikat dengan daya saing menyeluruh ubah logik pertumbuhan, pimpin perubahan industri global.

Diketahui, BYD masa depan akan terus gali dalam bidang pendidikan dan kebajikan, turunkan secara terkawal projek pameran sains dan teknologi baharu, teruskan perkongsian sumber S&T berkualiti, latih tenaga inovasi pemuda zaman baharu, beri kuasa pendidikan melalui S&T, bantu pembangunan melalui rendah karbon, dengan tindakan nyata laksanakan misi kelestarian syarikat.

On the evening of August 28, BYD released its performance report for the first half of 2026. Against the backdrop of price wars in the automotive industry where profits of many car companies were being "squeezed thin", this financial report sends a somewhat different signal: Operating revenue 344.8 billion yuan, net profit attributable to owners 12.3 billion yuan, R&D investment 28.9 billion yuan, cash reserves 167.4 billion yuan.

A more noteworthy set of data is: Net profit in the second quarter grew by 30% year-on-year, gross margin rose to 18.9%, hitting a new high in nearly a year. In other words, in the first half of the year when the industry was generally under pressure, BYD's ability to make money became stronger. Where does the confidence of this "growth against the trend" come from?

Overseas sales surged by 68%, high-end model proportion rose to 12.6%

Let's look at the change in growth structure. In the past, when mentioning BYD, many people thought of "volume". But from this semi-annual report, overseas markets and high-end brands are becoming increasingly important growth engines. In the first half of the year, BYD's overseas sales reached 790,000 units, a 68% year-on-year increase, with business covering over 120 countries and regions. In core markets such as the UK, Brazil, and Thailand, BYD took the sales champion of new energy vehicle brands. With the continuous release of overseas local production capacity and the gradual improvement of the channel system, the overseas sector has changed from "icing on the cake" to "solid pulling power". Meanwhile, high-end strategy is accelerating. The three brands Fangchengbao, Denza, and Yangwang combined sales of 228,000 units in the first half of the year, a 61% year-on-year increase, with the proportion of total sales rising to 12.6%. Among them, Fangchengbao sales reached 160,000 units, a 163% year-on-year increase; Denza's single-month sales in June exceeded 20,000 units for the first time, with an average product price of about 360,000 yuan; Yangwang became the brand with the fastest sales exceeding 10,000 units among domestic new energy million-level luxury cars. On one hand, the overseas market opens up space, on the other hand, high-end products raise the unit price. These two lines jointly promoted the optimization of BYD's product structure, and was directly reflected in the gross margin—the 18.9% gross margin in the second quarter is a quantitative embodiment of this trend.

There is another detail worth noting in the financial report: The growth rate of net profit in the first half of the year was relatively moderate, mainly because exchange rate fluctuations resulted in exchange losses. If this factor is excluded, the profitability of the main business remains stable, and the resilience of the operating foundation has not been shaken.

28.9 billion yuan in R&D investment, more than double the net profit

More "generous" than profits is BYD's spending power on R&D. In the first half of the year, BYD's R&D investment was 28.9 billion yuan, more than double the net profit for the same period, continuing to hold the title of "King of R&D" on the A-share market. Cumulative R&D investment has broken through 270 billion yuan. What did such high investment bring about? In March this year, BYD released the second-generation Blade Battery and flash charging technology, setting a record for the fastest charging speed in global mass production, solving the two major problems of "slow charging" and "difficult charging in low temperatures", and obtained the recognition of the Ministry of Industry and Information Technology. Technology landing is also accelerating: Relying on the "Flash Charge China" strategy, 10,000 flash charging stations have been built nationwide, covering 332 cities, and it is planned to deploy 6,000 flash charging stations overseas within a year.

In terms of intelligence, BYD took the lead in May to promise to underwrite urban navigation safety, plus previously underwriting intelligent parking safety, becoming the world's only "double underwriting" enterprise. As of July 31, the volume of BYD assisted driving models exceeded 3.52 million units, with "God's Eyes" generating over 220 million km of data daily. The released Xuanji A3 chip released during the same period is China's first self-developed 4nm process smart driving chip—from underlying chips to system software, BYD's "vertical integration" in the smart driving field is becoming visible product power.

Taxed 22.3 billion yuan, carbon emission reduction 23.17 million tons, another side behind the financial report

Beyond financial data, this semi-annual report also disclosed two numbers that are easily overlooked.

One is taxation. BYD's domestic tax total in the first half of the year was 22.3 billion yuan, far exceeding the net profit for the same period. This comparison placed in the current environment is heavy.

Another is carbon reduction. From January to June, BYD new energy vehicles lifecycle carbon emission reduction reached 23.17 million tons, equivalent to planting 386 million trees. Under the goal of "achieving carbon neutrality throughout the value chain by 2045", ESG performance remains firmly in the first echelon of domestic enterprises.

Panda Review: A sample of "structural upgrade" to traverse the cycle

In the first half of 2026, what is truly worth attention in this semi-annual report is not the rise or fall of a single item data, but the systematic improvement of growth quality. When the industry enters the stage of "good enough" from "whether available", the way of simply competing on sales and scale is becoming increasingly difficult. BYD's response idea is very clear: Use R&D investment to exchange for technical barriers, use technical barriers to support high-end strategy, use high-end strategy to improve profit structure, and then use overseas markets to open up incremental space. This is a chain of linked paths, rather than short-term prosperity supported by a certain hit model. The significance of the gross margin setting a new high in nearly a year also lies here—it indicates that BYD's improvement in profitability is not an accidental "quarterly fluctuation", but a trend change brought by structural optimization. In the current global automotive industry accelerating reconstruction, BYD provides a realistic sample of "traversing the cycle": When others consume profits in price wars, it chooses to invest profits in farther places. This may be the signal worth reading out in the semi-annual report most.

Malam 28 Ogos, BYD telah mengeluarkan hasil kerja semester pertama 2026. Dalam latar belakang industri automotif di mana perang harga berlaku di mana-mana dan keuntungan banyak pengeluar kereta telah terkikis, laporan kewangan ini menyampaikan isyarat yang agak berbeza: hasil pendapatan 344.8 bilion Yuan, keuntungan bersih induk 12.3 bilion Yuan, perbelanjaan penyelidikan 28.9 bilion Yuan, rizab tunai 167.4 bilion Yuan.

Satu set data yang lebih perlu diperhatikan ialah: keuntungan suku kedua tumbuh 30% tahun ke tahun, margin kasar meningkat ke 18.9%, mencatatkan rekod tinggi hampir satu tahun. Dengan kata lain, dalam semester pertama di mana industri umum mengalami tekanan, keupayaan menghasilkan keuntungan BYD sebaliknya menjadi lebih kuat. Kepercayaan "naik menentang trend" ini, datang dari mana?

Jualan luar negara meningkat besar 68%, bahagian kenderaan premium meningkat ke 12.6%

Lihat dahulu perubahan struktur pertumbuhan. Sebelum ini, apabila menyebut BYD, ramai orang memikirkan "jualan kuantiti". Namun dari laporan separuh tahun ini, pasaran luar negara dan jenama premium sedang menjadi enjin pertumbuhan yang semakin penting. Semester pertama, jualan luar negara BYD mencapai 790,000 unit, tumbuh 68% tahun ke tahun, perniagaan telah menjejaki lebih 120 negara dan wilayah. Di pasaran teras seperti UK, Brazil, Thailand, BYD telah menduduki tangga juara jualan jenama kenderaan baharu. Apabila keupayaan tempatan luar negara dilepaskan secara beransur-ansur dan sistem saluran semakin lengkap, bahagian luar negara berubah daripada "pelengkap" kepada "tenaga tarikan sebenar". Pada masa yang sama, pemeringkatan juga sedang dipacu. Tiga jenama Fang Cheng Bao, Denza, Yangwang jumlah jualan semester pertama 228,000 unit, tumbuh 61%, nisbah jualan keseluruhan meningkat ke 12.6%. Di antaranya, Fang Cheng Bao jualan mencapai 160,000 unit, tumbuh 163%; Denza jualan tunggal Jun pertama kali突破 20,000 unit, harga purata produk kira-kira 360,000 Yuan; Yangwang menjadi jenama dalam kategori kereta mewah jutaan Yuan kenderaan baharu tempatan yang paling cepat mencapai 10,000 unit. Satu sisi ruang pasaran luar negara dibuka, satu sisi produk premium menaikkan harga purata, dua talian ini bersama-sama mendorong pembaikan struktur produk BYD, juga terus tercermin dalam margin kasar—margin kasar 18.9% suku kedua adalah kuantifikasi trend ini.

Terdapat satu butiran lain dalam laporan kewangan yang perlu diambil perhatian: pertumbuhan keuntungan semester pertama relatif sederhana, sebab utama ialah fluktuasi kadar tukaran menghasilkan kerugian pertukaran. Jika menyingkirkan faktor ini, keuntungan perniagaan utama masih stabil, ketahanan asas operasi tidak goncang.

Perbelanjaan penyelidikan 28.9 bilion, lebih dua kali ganda keuntungan bersih

Lebih "dermawan" daripada keuntungan ialah perbelanjaan BYD dalam penyelidikan dan pembangunan. Semester pertama, perbelanjaan penyelidikan BYD 28.9 bilion Yuan, lebih dua kali ganda keuntungan bersih同期, terus memegang gelar "Raja Penyelidikan Saham A". Perbelanjaan penyelidikan terkumpul telah memecah 270 bilion Yuan. Dengan perbelanjaan tinggi ini, ditukar kepada apa? Mac tahun ini, BYD mengeluarkan Bateri Pisau Generasi Kedua serta teknologi Pengisian Pantas, mencatatkan rekod kelajuan pengisian kuantifikasi terpantas dunia, menyelesaikan dua masalah sukar lama "pengisian lambat" dan "kesukaran pengisian suhu rendah", dan mendapat pengiktirafan Kementerian Perindustrian. Penerapan teknologi juga semakin pantas: memandu strategi "Pengisian Pantas China", negara telah membina 10,000 stesen pengisian pantas, merangkumi 332 bandar, dan merancang satu tahun lagi melancarkan 6,000 stesen pengisian pantas di luar negara.

Dari segi kecerdasan, BYD pada Mei pertama kali berjanji untuk keselamatan sokongan bimbingan bandar, ditambah dengan jaminan keselamatan parkir pintar sebelum ini, menjadi satu-satunya syarikat dunia "dual jaminan". Hingga 31 Julai, bilangan model dengan bantuan pemanduan BYD melebihi 3.52 juta unit, data yang dihasilkan "Mata Dewa" setiap hari lebih 2.2 bilion kilometer. Cip Xuanji A3 yang dikeluarkan serentak, adalah cip pemanduan pintar proses 4nm buatan sendiri pertama China—dari cip asas ke perisian sistem, "integrasi menegak" BYD dalam bidang pemanduan pintar sedang menjadi daya produk yang kelihatan.

Pembayaran cukai 22.3 bilion, pengurangan karbon 23.17 juta tan, satu lagi sisi di sebalik laporan kewangan

Di luar data kewangan, laporan separuh tahun ini juga mendedahkan dua nombor yang mudah diabaikan.

Satu adalah pembayaran cukai. Semester pertama jumlah cukai domestik BYD 22.3 bilion Yuan, jauh lebih tinggi daripada keuntungan bersih同期. Perbandingan ini di bawah keadaan semasa, beratnya tidak ringan.

Satu lagi adalah pengurangan karbon. Januari—Jun, kenderaan baharu BYD jumlah pengurangan karbon kitar hayat penuh mencapai 23.17 juta tan, setara dengan menanam 386 juta pokok. Di bawah sasaran "mencapai neutraliti karbon sepanjang rantaian nilai 2045", prestasi ESG kekal di tahap pertama syarikat domestik.

Komen Panda: Sampel "melalui kitaran" melalui "penambahbaikan struktur"

Semester pertama 2026, yang paling perlu diperhatikan dalam laporan separuh tahun ini, bukan kenaikan atau penurunan data tunggal, tetapi pembaikan sistematik kualiti pertumbuhan. Apabila industri daripada "ada tidak" memasuki tahap "bagus tidak", jalan saingan jualan, saingan saiz semakin sukar. Fikiran tindak balas BYD sangat jelas: ganti penghalang teknologi dengan perbelanjaan penyelidikan, sokong pemeringkatan dengan penghalang teknologi, perbaiki struktur keuntungan dengan pemeringkatan, buka ruang peningkatan dengan pasaran luar negara. Ini adalah laluan yang saling berkait, bukan kemakmur jangka pendek yang disokong oleh satu model meledak. Makna margin kasar mencapai rekod tinggi hampir satu tahun juga terletak di sini—ia menerangkan bahawa pembaikan keupayaan menghasilkan keuntungan BYD bukan "variasi suku tahun" kebetulan, tetapi perubahan trend yang dibawa oleh pembaikan struktur. Di bawah zaman industri automotif global mempercepatkan pengaturcaraan semula, BYD menyediakan "sampel melalui kitaran" nyata: apabila orang lain mengkonsumasikan keuntungan dalam perang harga, ia memilih melaburkan keuntungan ke tempat yang lebih jauh. Ini mungkin isyarat yang paling perlu dibaca dalam laporan separuh tahun.

On August 25, the closing ceremony of the 2026 Silk Road 10,000-Kilometer Expedition · Enlightenment Road was held in Singapore, marking the official conclusion of this cross-border journey. BYD, as the full-time travel partner for this event, successfully completed the escort work. At the closing ceremony site, Li Yunfei, General Manager of Brand and PR at BYD Group, and Zhang Lianye, Party Secretary, Chairman, and Station Director of Shaanxi Broadcasting and Television Media Group (Station), jointly announced the completion of the entire itinerary.

The entire journey lasted 33 days. The convoy departed from Xi'an, the starting point of the land Silk Road, crossing six provinces domestically, then traveling abroad through Thailand and Malaysia, finally arriving at Singapore, the hub of the maritime Silk Road, covering over 10,000 kilometers. 2026 marks the 5th anniversary of the establishment of the China-ASEAN Comprehensive Strategic Partnership. This event took "Technology for Innovation · Civilization for Connection" as its theme, combining cultural exchange, on-site technology verification, and trade dialogue. Guests from home and abroad, overseas Chinese representatives, and media attended together to witness the modern linkage development of the land and maritime Silk Roads. At the closing site, Cai Shandi, Cultural Attaché of the Chinese Embassy in Singapore, and Wang Gang, President of the Shaanxi Society in Singapore, also delivered speeches.

Green energy accompanies the Silk Road journey. The convoy participating in this expedition gathered models from BYD Dynasty, Ocean, Denza, Fang Cheng Bao, and Yangwang five networks and four brands, undergoing real-world tests on highways, mountain curves, and city congestion. Long-distance cross-border travel faces two major realistic challenges: energy replenishment efficiency and driving safety. BYD Flash Charging technology and the God's Eye assisted driving system underwent on-site trials on this 10,000-kilometer journey. The Flash Charging capability of "Charge well in 5 minutes, charge full in 9 minutes", combined with the network foundation of nearly 10,000 flash charging stations domestically, effectively alleviates recharging anxiety during long-distance driving. The God's Eye intelligent driving system relies on real driving data exceeding 220 million kilometers daily to iterate continuously, effectively reducing fatigue from long-distance driving and ensuring the convoy arrives safely in Southeast Asia. Thousands of years ago, the ancient Silk Road relied on relay stations for camel team supplies; now, new energy technology has completed cross-regional expeditions in a new era.

Singapore itself belongs to a market with high global car purchasing costs and high ownership thresholds; local consumers are generally rational and prudent in car selection. However, BYD has already established a foothold locally. As of July 2026, the brand has ranked first in overall passenger car sales among all brands in Singapore for 19 consecutive months. From January to July 2026, BYD's overall passenger car market share in Singapore reached 24.7%, with the BEV segment market share reaching 40.3%. Even though the models are not priced cheaply locally, they have still gained market recognition and strengthened the confidence of local dealers. Currently, BYD has arranged 16 retail touchpoints in Singapore; many stores are directly located in core business district shopping malls, offline channel specifications are continuously upgrading, and BYD vehicles can be seen everywhere in street business districts.

Green energy accompanies the Silk Road journey. This 10,000-kilometer expedition is also a microcosm of BYD's overseas development trend. In 2026, overseas market business maintained high-speed expansion. From January to July, BYD's overseas cumulative sales broke through 970,000 units, an increase of about 76% year-on-year. In July alone, overseas sales reached 179,800 units, a year-on-year increase of 124.3%. Products have been sold to over 120 countries and regions worldwide.

Regional markets blossomed in multiple points. In the first half of the year, BYD secured the new energy vehicle sales championship in Thailand and Singapore, topped the new energy vehicle list in Italy and Spain. The UK's sales from January to July reached 38,000 units. The Brazil market sales approached 100,000 units, consistently holding the top spot in local new energy vehicle sales. Markets such as Saudi Arabia, UAE, and South Africa also ranked at the top of new energy vehicle sales.

Combining Silk Road cultural exploration with new energy cross-border travel, this expedition intuitively demonstrates China's new energy vehicles' practice of participating in the "Belt and Road" green transportation construction. With the continuous outward export of products, manufacturing systems, and service networks, BYD is using new energy vehicles as a carrier to deeply participate in global automotive industry collaboration, aiding the green transition in the global transportation sector.

August 25, with BYD serving as the full journey travel partner, the "2026 Silk Road Ten-Thousand Mile Run · Enlightenment Road" concluded in Singapore. This expedition lasting 33 days and crossing over 10,000 kilometers has reached a fulfilling conclusion. Departing from Xi'an, traversing key domestic Silk Road towns, crossing seas to visit Thailand and Malaysia, finally landing in Singapore — this was not only a dialogue of Land and Sea Silk Road civilizations, but also a large-scale outdoor technical test based on real data. BYD's Dynasty, Ocean, Denza, Fang Cheng Bao, and YangWang five product matrices, as official designated vehicles, safeguarded the entire journey, supported by Super Charging and Di Tian Zhi Yan Intelligent Driving dual technologies, answering a core question with solid trip data: Can new energy vehicles truly withstand the extreme test of long-distance travel over 10,000 miles?

I. Super Charging Technology: Turning "Charging Anxiety" into "Charging Freedom"

The biggest pain point of long-distance travel has never been range, but energy replenishment efficiency. Any amount of range will eventually run out, just like fuel cars never mention the range issue because refueling is now very convenient. When charging can also achieve charging freedom, range might become negligible, while BYD's Super Charging is slowly realizing this; traditionally, electric cars running on highways queue for charging at service areas, waiting at least half an hour, which is especially overwhelming during holidays. BYD's Super Charging technology has solved this pain point; in normal temperature environments, it can charge from 10% to 70% in 5 minutes, and to 97% in 9 minutes, and even in extremely cold weather, it only takes a few minutes more than normal temperature charging. With this charging speed, do you still consider range? The 33 days of real experience during this Silk Road Ten-Thousand Mile Run is enough to see its Super Charging strength.

II. Super Charging Network: Density is the "Infrastructure" for New Energy Long Distance

Having fast charging technology alone is not enough; without a sufficiently dense charging pile network, everything is empty talk. BYD's "Super Charging China" strategy is accelerating implementation, planning to build 20,000 Super Charging stations across the country by the end of 2026, achieving coverage within 5 km for 90% of urban areas and Super Charging station coverage every 100+ km on average on highways. As of now, station building has approached 10,000 stations, meaning it is moving towards the goal.

When traveling on the Silk Road, the convoy departed from Xi'an going west and south; the regions passed through were not cities with very large new energy vehicle ownership, but along the way one could still rely on Super Charging for energy supplement. In some countries, even without Super Charging, one could achieve high-speed fast charging on other brand charging piles, where fast charging power could reach the maximum output power of the charging station. Isn't this compatibility quite good? For consumers, in the future long-distance travel one doesn't need to worry about energy supplement or queuing for charging, which is the best for consumers.

III. Di Tian Zhi Yan: Turning High-End Intelligent Driving from "Luxury" to "Standard Equipment"

33 days, over 10,000 kilometers of long-distance driving, another invisible test is the driver's fatigue. BYD this year is pushing high-end intelligent driving to the masses, with all series models capable of being equipped with "Di Tian Zhi Yan B Assist Driving LiDAR Version", covering three core scenarios: High-Speed Pilot, City Pilot, and Intelligent Parking. This means from highway cruising to city congestion to parking, all scenarios have intelligent driving systems assisting to share driving pressure.

In the Silk Road long-distance trip, the value of the High-Speed Pilot function is most prominent — during long-term high-speed driving, the system automatically follows cars, automatically changes lanes, automatically maintains lanes, changing drivers from "full-time tense" to "supervising driving", significantly reducing fatigue. More worth noting is BYD's pioneering "Double Safety Net" policy: vehicles across the series equipped with Di Tian Zhi Yan enjoy lifetime intelligent parking safety net, while Di Tian Zhi Yan A/B models City Pilot function provides a 1-year safety net. This is not just BYD's generosity, but recognition of its own strength, and inclusivity towards everyone's concerns.

IV. Five Matrices Collaboration: Technical Combo in Different Scenarios

This safeguard has another easily overlooked technical highlight — the five product matrices set out in collaboration. Dynasty series' mature stability, Ocean series' youthful dynamics, Denza's comfort, Fang Cheng Bao's hardcore off-roading, YangWang's high technology, different brand models showed their strengths on different sections of the Silk Road. These models precisely realized their own advantages, with the five matrices collaborating in combat.

Conclusion

The fulfilling conclusion of the Silk Road Ten-Thousand Mile Run, for BYD, was not a simple brand activity, but a public and transparent technical stress test. Super Charging technology solved the question of "how fast is energy supplement", Super Charging network solved the question of "how convenient is energy supplement", Di Tian Zhi Yan solved the question of "how tired is driving", and the five matrices proved the product capability of full scene coverage. Silk Road Journey, Green Energy Companion, this is not just a slogan, but a technical declaration written by BYD using over 10,000 kilometers of real trip, and it can be said the future travel method is already beginning to take shape.

On August 25, the 2026 Silk Road 10,000 Mile Journey - Road to Inspiration, with BYD serving as the travel partner throughout, concluded in Singapore. The convoy spent 33 days and traveled over 10,000 kilometers, departing from Xi'an, crossing six provinces domestically, then crossing the sea via Thailand and Malaysia, finally landing in Singapore. The slogan revealed for this event was Green Energy Accompanies the Long Silk Road Journey. A new energy vehicle convoy composed of the Dynasty, Ocean, Denza, Fangchengbao, and Yangwang five series and four brands put the two major technologies of Fast Charging and Sky Eyes assisted driving through the grind of a real long-distance trip.

Speaking of which, Singapore is one of the global markets with the highest car buying costs, with thresholds outrageously high; locals choose cars more prudently than we pick mobile phones. However, as of July 2026, BYD has already topped the sales chart for all passenger car brands in the locality for 19 consecutive months, with an overall market share of 24.7% from January to July, and a pure electric market share of 40.3%. Car prices are not cheap, even more expensive than domestically, yet they remain sought after. Currently, there are 16 retail touchpoints in the locality, with some stores opening directly into core shopping malls. This trend of expensive yet selling out wildly is like old ladies squeezing onto a bus - slow and expensive but dignified. Netizens joked, Other cars go global relying on price cuts, BYD plays the high-end game in Singapore is truly a hit.

Now, Chinese car companies going global are no longer just low-price movers. BYD topped new energy sales in Thailand and Singapore in the first half of the year, pure electric sales in the UK surpassed Tesla, Brazil sold nearly 100,000 units to firmly stay first. From January to July, overseas cumulative sales exceeded 970,000 units, a year-on-year increase of approximately 76%. The Fast Charging network has nearly 10,000 stations domestically, with a plan to reach 20,000 by year-end. 5 minutes to charge well, 9 minutes to charge full, turning refueling anxiety into an extreme show. Technology going global has also rolled from product competition to industry ecosystem. For example, Brazil incorporated BYD charging standards into regulations. This wave belongs to the rule faction in the car circle's show-offs - not stacking horsepower, using standard output to cure anxiety of presence.

Personally, in the current environment, Chinese brands tearing a hole in the high-end market through green energy technology plus localized channels is a solid upgrade sample of the Belt and Road Initiative. Green Energy Accompanies the Long Silk Road Journey is not just a slogan; ancient camel caravan stations turning into Fast Charging stations indicates industry collaboration has truly landed. The car circle lacks no spec-sheet warriors, but lacks true tough operators who make local operations daily essentials. From concluding to long-term penetration, we must see if overseas factory building is sincere, and whether Sky Eyes data iteration can match the aggressive dominance of European and American veterans.

25 Ogos, Perasmi Penutup Perjalanan Jalur Sutera 2026·Jalan Inspirasi diadakan di Singapura, perjalanan merentas negara ini secara rasmi mencapai tamat. BYD sebagai rakan kongsi perjalanan penuh semasa acara ini, berjaya sepenuhnya melaksanakan kerja perlindungan. Di tapak perasmi penutup, Pengurus Terbitan & PR Kumpulan BYD Li Yunfei bersama Setiausaha Politik Kumpulan Media Terintegrasi Guangdian Shaanxi (TV), Pengerusi & Pengarah TV Zhang Lianye secara bersama mengisytiharkan acara telah menyiapkan keseluruhan perjalanan.

Jelajah keseluruhan ini mengambil masa 33 hari. Armada bergerak dari Xi'an, permulaan Jalur Sutera darat, terlebih dahulu menyeberang enam provinsi dalam negara, kemudian menyeberang sempadan menuju Thailand, Malaysia, akhirnya tiba di hub Jalur Sutera maritim Singapura. Jumlah jarak pemanduan keseluruhan mengatasi 10,000 kilometer. Tahun 2026 bertepatan dengan ulang tahun kelima penubuhan Hubungan Kawan Strategik Penuh China-ASEAN. Acara ini menggunakan tema "Teknologi Menuju Baharu・Peradaban Menuju Hati", menggabungkan pertukaran peradaban, pengesahan teknologi di lapangan, dan dialog perdagangan. Tamu luar dan dalam negara, wakil komuniti peranakan dan media hadir bersama, menyaksikan pembangunan serentak moden Jalur Darat dan Laut. Di tapak penutup, Nasihat Budaya Kedutaan China di Singapura Cai Shandi, Presiden Persatuan Shaanxi Singapura Wang Gang juga masing-masing memberikan ucapan.

Jelajah Jalur Sutera disertai tenaga hijau. Armada yang terlibat dalam ekspedisi ini menggabungkan model dari lima siri merek BYD Siri Dinasti, Siri Ocean, Denza, Fang Cheng Bao, Yang Wang, mengalami ujian sebenar dari keadaan jalan kompleks seperti lebuh raya, lengkung bukit, kesesakan bandar sepanjang perjalanan. Untuk perjalanan merentas negara yang jauh, kecekapan isi semula tenaga dan keselamatan memandu adalah dua masalah nyata. Teknologi pengecasan pantas BYD, sistem bantuan pemanduan Mata Dewa, telah melalui ujian realiti dalam perjalanan 10,000 kilometer ini. Keupayaan pengecasan pantas "5 minit cas penuh, 9 minit puas", bersama asas rangkaian, berjaya mengurangkan kegelisahan pengisian tenaga semasa pemanduan jarak jauh. Sistem panduan pintar Mata Dewa berterusan berkembang berdasarkan data pemanduan sebenar lebih 220 juta kilometer sehari, dapat mengurangkan perasaan penat memandu jarak jauh, menjamin armada tiba di Asia Tenggara dengan selamat. Ribuan tahun dahulu, Jalur Sutera lama bergantung pada stesen pos untuk bekalan kendera, kini teknologi tenaga baharu, telah menyiapkan ekspedisi merentas wilayah zaman baharu.

Singapura sendiri merupakan pasaran dengan kos pembelian kenderaan global yang tinggi, ambang memiliki kenderaan tinggi, pengguna tempatan memilih kenderaan secara umum sangat rasional dan berhati-hati. Tetapi BYD sudah berdiri kukuh di sana. Hingga Julai 2026, jenama berturut-turut 19 bulan memegang nombor satu jualan seluruh jenama kenderaan penumpang di Singapura. Januari-Julai 2026, pasaran jualan keseluruhan kenderaan penumpang BYD di Singapura mencapai 24.7%, pasaran jualan kenderaan elektrik tulen bahagian mencapai 40.3%. Walaupun harga model di sini tidak rendah, tetap menerima pengiktirafan pasaran, juga meningkatkan keyakinan pengedar tempatan. Sekarang BYD di Singapura menyusun 16 titik runcit, banyak kedai terus di pusat beli-belah kawasan utama, spesifikasi saluran luar talian berterusan naik taraf, di pusat beli-belah jalan raya juga boleh dilihat kenderaan BYD.

Jelajah Jalur Sutera disertai tenaga hijau, perjalanan 10,000 kilometer ini juga merupakan cerminan perkembangan luar negara BYD. Tahun 2026, perniagaan pasaran luar negara kekal berkembang pesat, Januari-Julai jualan terkumpul luar negara BYD melepasi 970,000 unit, naik sekitar 76% berbanding tahun lalu, hanya pada Julai jualan luar negara tunggal bulan mencapai 179,800 unit, peningkatan 124.3% berbanding tahun lalu, produk telah dijual ke lebih 120 negara dan wilayah di dunia.

Pasaran wilayah mekar di pelbagai titik, separuh pertama tahun BYD meraih kejuaraan jualan tenaga baharu Thailand, Singapura, menduduki carta tenaga baharu Itali, Sepanyol, jualan UK Januari-Julai mencapai 38,000 unit, jualan pasaran Brazil hampir 100,000 unit, kekal memegang nombor satu jualan tenaga baharu tempatan, pasaran Arab Saudi, UAE, Afrika Selatan, juga sama berada di kedudukan teratas jualan tenaga baharu.

Menggabungkan pencarian budaya Jalur Sutera dan perjalanan merentas negara tenaga baharu, perjalanan 10,000 kilometer ini secara langsung menunjukkan amalan kereta baharu China menyertai pembinaan pengangkutan hijau "Sabana dan Jalur". Seiring produk, sistem pengeluaran, rangkaian perkhidmatan terus dieksport ke luar, BYD sedang sebagai kerangka kereta baharu, menyertai kerjasama industri automotif global secara mendalam, membantu transformasi hijau bidang pengangkutan global.

On the evening of August 28, BYD (002594.SZ) released its financial report for the first half of 2026, with core indicators remaining robust: operating revenue 344.8 billion yuan, net profit attributable to parent company 12.3 billion yuan, R&D investment 28.9 billion yuan, cash reserves 167.4 billion yuan. Notably, net profit in the second quarter grew by 30% year-on-year, gross margin continued to rise, reaching 18.9%, setting a new high in nearly a year, with profitability steadily improving and resilient growth solidifying its industry position.

Currently, competition in the automotive industry is intensifying. Relying on a solid operational foundation and continuously optimized business structure, BYD's development trend continued to improve in the first half of the year, further consolidating its leading industry position.

Dual Drive of Overseas High-End Markets, Growth Structure Continues to Optimize

In the first half of the year, BYD's overseas sales reached 790,000 units, a 68% year-on-year increase, with business covering over 120 countries and regions. It topped the new energy vehicle brand sales chart in core markets such as the UK, Brazil, and Thailand. With the sequential release of localized overseas production capacity and the continuous improvement of the channel system, the overseas segment has become an important engine driving the company's performance growth.

During the same period, the high-end product matrix accelerated volume growth. The three brands Fangchengbao, Denza, and Yangwang achieved a combined sales volume of 228,000 units, up 61% year-on-year, accounting for 12.6% of total sales. Among them, Fangchengbao brand sales reached 160,000 units, up 163% year-on-year; Denza brand also performed brightly, with June sales breaking 20,000 units for the first time, with an average product price reaching 360,000 yuan; Yangwang is the brand with the fastest sales volume breaking 10,000 units in the domestic new energy million-class luxury car segment.

Internationalization and high-endization advance on two tracks, driving continuous optimization of the company's product structure and steadily enhanced profitability. Net profit in the second quarter grew 30% year-on-year, with gross margin reaching 18.9%, setting a new high in nearly a year. Although net profit faced short-term pressure, a closer look reveals it was mainly due to exchange losses from currency fluctuation this year. The company's main business profitability remained stable, and development resilience became increasingly prominent.

Huge R&D Investment Builds Moat, Technical Achievements Land Intensively

Operating quality steadily climbed, with the core driver being continuous technological breakthroughs. In the first half of 2026, the company invested 28.9 billion yuan in R&D, far exceeding net profit during the same period, retaining the title of "King of R&D" in A-shares. Cumulative R&D investment has exceeded 270 billion yuan.

High-intensity R&D investment is accelerating conversion into perceptible technical results. The second-generation Blade Battery and Flash Charging Technology released in March this year created a global record for the fastest mass-produced charging speed, solving the world problem of "slow charging" and "difficulty in charging at low temperatures" in one go, gaining authoritative recognition from the Ministry of Industry and Information Technology. Beyond technological breakthroughs, second-generation Blade Battery production capacity and Flash Charging Station construction are speeding up synchronously. Relying on the "Flash Charge China" strategy, 10,000 Flash Charging Stations have currently been built nationwide, covering 332 cities, and there is a plan to deploy 6,000 Flash Charging Stations overseas within a year to assist global electrification leapfrog development.

Key progress has also been made in the field of intelligence. After providing a safety guarantee for intelligent parking, BYD became the first to commit to a safety guarantee for city navigation in May, becoming the world's only enterprise with a "dual guarantee" and promoting the popularization of assisted driving with practical actions. As of July 31, BYD's assisted driving vehicle holdings exceeded 3.52 million units, and Divine Eye generates data exceeding 220 million kilometers daily. The Xuanji A3 released during the same period is China's first self-developed 4nm process intelligent driving chip. From underlying chips to system software, BYD continues to promote vertical integration and full-stack self-research, leading the intelligent revolution in the global automotive industry.

Development with Responsibility, Actively Fulfilling Social Responsibility

Practicing social responsibility, BYD answers with action. In the first half of 2026, BYD's domestic tax total was 22.3 billion yuan, far exceeding net profit during the same period. In terms of sustainable development, the company firmly anchors the goal of "achieving carbon neutrality across the entire value chain by 2045", with ESG performance firmly staying in the first tier of domestic enterprises. From January to June, BYD's new energy vehicle lifecycle carbon emission reduction reached 23.17 million tons, equivalent to planting 386 million trees, contributing practical power to low-carbon transformation.

Conclusion

In the first half of 2026, the global automotive industry accelerated restructuring, with industry profitability generally under pressure. BYD broke out against the trend, with second-quarter performance reaching a new level. With technical results continuing to emerge in the second half of the year, the proportion of high-end models steadily increasing, and the global layout entering the harvest period, the company's profitability and development potential will be further highlighted. Full-year performance is expected to improve quarter by quarter and continue to climb. From technological breakthroughs to global layout, from high-end breakthroughs to responsibility, the company is reshaping growth logic with all-round competitiveness and leading global industrial transformation.

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Pada malam 28 Ogos, BYD (002594.SZ) mengumumkan laporan kewangan untuk setengah tahun pertama 2026, pelbagai metrik utama kekal stabil: pendapatan operasi 3448 bilion yuan, untung bersih induk 123 bilion yuan, pelaburan penyelidikan dan pembangunan 289 bilion yuan, simpanan tunai 1674 bilion yuan. Yang menarik untuk diambil perhatian ialah keuntungan bersih suku kedua meningkat 30% secara tahun ke tahun, margin kasar berterusan meningkat, mencapai 18.9%, mencapai tertinggi hampir setahun, keupayaan keuntungan meningkat stabil, pertumbuhan teguh mengukuhkan kedudukan industri.

Pada masa ini persaingan industri automotif semakin sengit, BYD凭借 tapak operasi stabil dan struktur perniagaan yang dioptimumkan secara berterusan, tren perkembangan pertama setengah tahun terus membaik, kedudukan pemimpin industri semakin diperkukuh.

Pendorongan Berganda Antarabangsa dan Premium, Struktur Pertumbuhan Terus Membaik

Pada setengah tahun pertama, jualan antarabangsa BYD mencapai 790,000 unit, meningkat 68% secara tahun ke tahun, operasi merangkumi lebih 120 negara dan wilayah di seluruh dunia, berada di puncak jenama kenderaan baru tenaga elektrik di pasaran utama seperti United Kingdom, Brazil, Thailand. Bersertifikat pelepasan kapasiti tempatan antarabangsa secara berturutan dan penyempurnaan sistem saluran secara berterusan, sektor antarabangsa telah menjadi enjin penting untuk menarik pertumbuhan prestasi syarikat.

Pada masa yang sama, matriks produk premium mempercepatkan peningkatan kuantiti, tiga jenama Fang Cheng Bao, Denza dan Yangwang mencapai jumlah jualan 228,000 unit, meningkat 61% secara tahun ke tahun, berat dalam jumlah jualan naik ke 12.6%, di mana jualan jenama Fang Cheng Bao mencapai 160,000 unit, meningkat 163% secara tahun ke tahun; Jenama Denza juga menunjukkan prestasi yang cemerlang, jualan Jun untuk pertama kalinya melepasi 20,000 unit, harga purata produk mencapai 360,000 yuan; Yangwang adalah jenama yang paling cepat menembusi 10,000 unit jualan di kalangan kereta mewah tenaga nasional bernilai sejuta yuan.

Pergerakan serentak antarabangsa dan premium, memacu pengoptimuman struktur produk syarikat secara berterusan, keupayaan keuntungan meningkat stabil, keuntungan bersih suku kedua meningkat 30% secara tahun ke tahun, margin kasar mencapai 18.9%, mencapai tertinggi hampir setahun. Walaupun keuntungan bersih tertekan jangka pendek, tetapi jika dikaji secara mendalam, penyebabnya adalah kebanyakannya kerugian pertukaran mata wang yang terhasil daripada kebolehubah kadar pertukaran tahun ini, keuntungan operasi utama syarikat kekal stabil, keteguhan perkembangan semakin ketara.

Pelaburan R&D Besar Membangun Parit Pertahanan, Keputusan Teknologi Dilaunkan Secara Padat

Kualiti operasi meningkat stabil, pendorong utama terletak pada terobosan teknologi yang berterusan. Pada setengah tahun pertama 2026, pelaburan R&D syarikat 289 bilion yuan, jauh melebihi keuntungan bersih masa yang sama, menang anugerah "Raja Penyelidikan" di Saham A berturut-turut, pelaburan kumulatif R&D telah memecah 2700 bilion yuan.

Pelaburan R&D yang berintensiti tinggi, sedang mempercepatkan penukaran kepada hasil teknikal yang dapat dirasakan. Bateri Pisau Siri Kedua dan teknologi Pengecasan Pantas yang dilancarkan pada Mac tahun ini, mencipta rekod kelajuan pengecasan pengeluaran global terpantas, berjaya memecahkan masalah dunia "Pengecasan Lambat" dan "Sukar Pengecasan Suhu Rendah" secara sekali imbas, mendapat pengiktirafan berwibawa dari Kementerian Perindustrian dan Maklumat. Selain terobosan teknikal, kapasiti Bateri Pisau Siri Kedua dan pembinaan Stesen Pengecasan Pantas sedang mempercepatkan secara serentak, dengan berlandaskan strategi "Pengecasan Pantas China", kini 10,000 stesen Pengecasan Pantas telah dibina di seluruh negara, merangkumi 332 bandar, dan merancang untuk melancarkan 6,000 stesen Pengecasan Pantas di luar negara dalam masa satu tahun, membantu pembangunan melonjak elektrik global.

Bidang kecerdasan pintar juga mendapat perkembangan penting, selepas menyediakan perlindungan keselamatan untuk parkir pintar, BYD menjanjikan untuk melindungi keselamatan panduan bandar untuk pertama kali pada Mei, menjadi syarikat unik dunia yang "pelindungan berganda", mendorong普及 pemanduan bantu dengan tindakan nyata. Sehingga 31 Julai, jumlah kenderaan pemanduan bantu BYD melebihi 3.52 juta unit, Mata Dewa menjana data lebih 220 juta kilometer setiap hari. Xuanji A3 yang dilancarkan pada masa yang sama, adalah cip pemanduan pintar proses 4nm direka sendiri pertama China, daripada cip asas hingga perisian sistem, BYD terus melancarkan integrasi menegak dan penyelidikan dan pembangunan keseluruhan stack, memimpin perubahan kecerdasan pintar industri automotif global.

Pembangunan Tidak Melupakan Tanggungjawab, Secara Aktif Melaksanakan Tanggungjawab Sosial

Melaksanakan tanggungjawab sosial, BYD menjawab dengan tindakan. Pada setengah tahun pertama 2026, jumlah cukai BYD dalam negara 223 bilion yuan, jauh melebihi keuntungan bersih masa yang sama. Dalam aspek pembangunan lestari, syarikat menentukan sasaran "mencapai neutraliti karbon seluruh rantaian nilai pada 2045", prestasi ESG kekal di peringkat pertama syarikat domestik. Januari-Jun, jumlah pengurangan karbon kitaran hidup kenderaan elektrik baru BYD mencapai 23.17 juta tan, bersamaan dengan menanam 386 juta pokok, memberikan kekuatan sebenar untuk transformasi karbon rendah.

Penutup

Pada setengah tahun pertama 2026, industri automotif global mempercepatkan pembinaan semula, keuntungan industri secara umum tertekan. BYD menembusi menentang arus, prestasi suku kedua naik ke peringkat baharu. Dengan hasil teknikal pertama setengah tahun yang berterusan muncul, nisbah model premium meningkat stabil, pelaburan globalisasi memasuki tempoh hasil, keupayaan keuntungan dan potensi pembangunan syarikat akan semakin ketara, prestasi keseluruhan tahun dijangka membaik dari suku ke suku, terus meningkat. Dari terobosan teknikal ke pelaburan global, dari menembusi premium ke tanggungjawab, syarikat kini menyemak semula logik pertumbuhan dengan daya saing menyeluruh, memimpin perubahan industri global.

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August 25, the "2026 Silk Road 10,000 Mile Expedition · Enlightenment Road" officially concluded in Singapore. As the travel partner for the entire event, BYD's Dynasty, Ocean, Denza, Fang Cheng Bao, and Yangwang formed a new energy vehicle fleet, lasting 33 days, traveling over 10,000 kilometers. Departing from Xi'an, it crossed six provinces in China and passed through Thailand and Malaysia, finally arriving in Singapore.

Compared to ordinary road tests, the biggest highlight of this journey lies in vehicles truly experiencing continuous use over long distances, across regions, and with varied road conditions. Highways, mountain roads, urban congestion, and other scenarios appeared in turns, giving technologies such as Flash Charge and Divine Eye Assisted Driving a testing environment closer to daily long-distance travel.

Among them, Flash Charge technology focuses on "5 minutes to charge well, 9 minutes to fully charge", further reducing sensitivity to charging time for long-distance pure electric travel; the Divine Eye Assisted Driving system relies on a large amount of real road data for continuous iteration, helping to reduce driving burden during long-distance driving. For new energy vehicles, parameters are one aspect, but the ability to use stably in complex real scenarios is obviously more important.

Choosing Singapore for the wrap-up of this event also has practical significance. As of July 2026, BYD has ranked first in total brand sales of passenger cars in Singapore for 19 consecutive months. From January to July this year, BYD's market share in local passenger cars reached 24.7%, and its pure electric market share reached 40.3%. Currently, BYD has laid out 16 retail touchpoints in Singapore, with some stores entering core shopping centers.

This also reflects changes in Chinese automotive exports. In the past, more emphasis was placed on product exports and sales growth, while now there is increasing focus on channel construction, local services, and long-term brand management.

In the first 7 months of 2026, BYD's overseas cumulative sales exceeded 970,000 units, a year-on-year increase of about 76%, with new energy vehicle business entering over 120 countries and regions worldwide. From Southeast Asia to Europe, South America, and the Middle East, Chinese new energy vehicles are building their product and brand awareness in an increasing number of markets.

From Xi'an to Singapore, this ten-thousand-mile journey is both a cross-border new energy travel practice and reflects that Chinese automotive globalization is entering a deeper stage. Truly entering overseas markets ultimately relies on long-term management, technical adaptation, and local services. Deeply cultivating the local market to jointly create a green future might also be the keyword for the next stage of Chinese automotive exports.

On the evening of August 28, BYD (002594.SZ) released its financial report for the first half of 2026, with operational resilience remaining stable: operating revenue of 344.8 billion yuan, net profit attributable to parent company of 12.3 billion yuan, R&D investment of 28.9 billion yuan, and cash reserves of 167.4 billion yuan. Of note, net profit in Q2 grew by 30% year-on-year, the gross margin continued to rise, reaching 18.9%, setting a new high for nearly a year, and profitability improved steadily.

With intensifying competition in the automotive industry, BYD, relying on a robust operational foundation and continuously optimized business structure, maintained a positive development trend in the first half of the year, further consolidating its leading industry position.

Overseas High-End Dual-Drive, Growth Structure Continues to Improve

In the first half of the year, BYD's overseas sales reached 790,000 units, a 68% year-on-year increase. Business coverage spans over 120 countries and regions worldwide. It topped the sales charts for new energy vehicle brands in core markets such as the UK, Brazil, and Thailand. With the successive release of localized overseas production capacity and the continuous improvement of channel systems, the overseas segment has become an important engine driving the company's performance growth.

During the same period, the high-end product matrix accelerated volume growth. The three brands Fang Cheng Bao, Denza, and Yangwang had a combined sales volume of 228,000 units, up 61% year-on-year, accounting for 12.6% of total sales. Among them, Fang Cheng Bao brand sales reached 160,000 units, up 163% year-on-year; Denza brand also performed brilliantly, with June sales exceeding 20,000 units for the first time, with an average product price of 360,000 yuan; Yangwang is the brand with the fastest sales breakthrough to 10,000 units among domestic new energy million-level luxury cars.

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Internationalization and high-endization progressed on two lines, promoting continuous optimization of the company's product structure and steadily enhancing profitability. Net profit in Q2 grew by 30% year-on-year, gross margin reached 18.9%, setting a new high for nearly a year. Although net profit was under short-term pressure, a closer look reveals it was mainly due to exchange loss caused by exchange rate fluctuations this year. The company's main business profitability remained stable, highlighting development resilience.

Huge R&D Investment Builds Moat, Technology Achievements Land Frequently

Operational quality rose steadily, with core drivers lying in continuous technological breakthroughs. In the first half of 2026, the company's R&D investment was 28.9 billion yuan, far exceeding net profit for the same period, retaining the title of "King of R&D" in A-shares. Cumulative R&D investment has surpassed 270 billion yuan.

High-intensity R&D investment is accelerating conversion into perceivable technological achievements. The second-generation Blade Battery and fast-charging technology released in March this year set a global record for the fastest charging speed for mass production, overcoming the global challenges of "slow charging" and "difficult charging at low temperatures", gaining authoritative recognition from the Ministry of Industry and Information Technology. Beyond technical breakthroughs, second-generation Blade Battery capacity and fast-charging station construction are accelerating simultaneously. Relying on the "Fast Charge China" strategy, currently 10,000 fast-charging stations have been built nationwide, covering 332 cities, with a plan to deploy 6,000 fast-charging stations overseas within a year, helping global electrification achieve leapfrog development.

Key progress was also made in the field of intelligence. Following the safety guarantee for intelligent parking, BYD took the lead in May in promising safety guarantee for city navigation, becoming the only "double guarantee" enterprise globally, promoting the popularization of assisted driving with practical actions. As of July 31, the number of BYD assisted driving models in use exceeded 3.52 million units, Tianzhi generates over 220 million kilometers of data daily. Released at the same time, Xuanji A3 is China's first self-developed 4nm process intelligent driving chip. From underlying chips to system software, BYD continues to promote vertical integration and full-stack in-house R&D, leading the intelligent transformation of the global automotive industry.

Development with Responsibility, Actively Fulfilling Social Responsibilities

Practicing social responsibility, BYD answers with actions. In the first half of 2026, BYD's total domestic tax payment reached 22.3 billion yuan, far exceeding net profit for the same period. In terms of sustainable development, the company firmly anchors the goal of "achieving carbon neutrality across the entire value chain by 2045", with ESG performance consistently ranking in the first tier of domestic enterprises. From January to June, BYD new energy vehicles achieved a carbon emission reduction of 23.17 million tons over their full life cycle, equivalent to planting 386 million trees, contributing practical force to low-carbon transformation.

Conclusion

In the first half of 2026, the global automotive industry accelerated restructuring, with industry profitability generally under pressure. BYD broke through against the trend, reaching a new level with Q2 performance. With continuous technological achievements emerging in the second half, a steadily increasing proportion of high-end models, and globalization layout entering the harvest period, corporate profitability and development potential will be further highlighted. Annual performance is expected to improve quarter by quarter and continue to rise. From technological breakthroughs to global layout, from high-end breakthrough to responsibility, the company is reshaping growth logic with comprehensive competitiveness, leading the global industrial transformation.

25 Ogos, "Perjalanan Jarak Jauh Sutra 2026 · Jalan Ilham" telah disahkan berakhir di Singapura. Sebagai rakan perkongsian pengangkutan penuh untuk acara tersebut, armada kenderaan baharu BYD yang terdiri daripada Dinasti, Lautan, Denza, Fang Cheng Bao, dan Yangwang, selama 33 hari, merentasi lebih 10,000 kilometer, berlepas dari Xi'an merentasi enam wilayah di China, serta melalui Thailand dan Malaysia, akhirnya tiba di Singapura.

Berbanding ujian jalan biasa, poin utama perjalanan ini ialah kenderaan benar-benar mengalami penggunaan berterusan jarak jauh, merentas wilayah, dan pelbagai keadaan jalan. Litar laju, jalan bukit, kesesakan bandar dan senario lain muncul bergiliran, memberikan persekitaran ujian yang lebih hampir untuk teknologi seperti Cas Pantas dan Sistem Panduan Bantu Tian Shen Zhi dalam perjalanan jauh harian.

Di antaranya, teknologi Cas Pantas menonjolkan "5 minit cas siap, 9 minit cas penuh",进一步 mengurangkan kepekaan terhadap masa pengisian untuk perjalanan jauh sepenuhnya elektrik; Sistem Panduan Bantu Tian Shen Zhi pula berterusan berkembang berdasarkan data jalan sebenar yang banyak, membantu mengurangkan beban memandu semasa perjalanan jarak jauh. Bagi kenderaan baharu, parameter adalah satu aspek, kestabilan penggunaannya dalam senario sebenar yang kompleks, jelas lebih penting.

dan acara ini memilih Singapura sebagai penutup akhir, juga mempunyai makna nyata. Sehingga Julai 2026, BYD sudah menduduki ranking pertama jualan kereta persendirian semua jenama di Singapura selama 19 bulan berturut-turut. Bulan Januari hingga Julai tahun ini, bahagian pasaran kereta BYD di lokasi ini mencapai 24.7%, bahagian pasaran kereta sepenuhnya elektrik mencapai 40.3%. Saat ini, BYD telah menempatkan 16 titik runcit di Singapura, sesetengah kedai memasuki pusat beli-belah utama.

Ini juga mencerminkan perubahan dalam eksport kereta China. Dulu lebih menekankan eksport produk dan pertumbuhan jualan, sekarang semakin memberi penekanan kepada pembinaan saluran, servis tempatan, dan pengurusan jenama jangka panjang.

7 bulan pertama 2026, jualan terkumpul BYD di luar negara melebihi 970,000 unit, pertumbuhan setanding tahun ini kira-kira 76%, perkhidmatan kenderaan baharu telah memasuki lebih 120 negara dan wilayah di dunia. Dari Asia Tenggara ke Eropah, Amerika Selatan, Timur Tengah, kereta baharu China sedang membina pengiktirafan produk dan jenama sendiri di semakin banyak pasaran.

Dari Xi'an ke Singapura, perjalanan jarak jauh ini bukan sahaja satu amalan pengangkutan merentas negara, ia juga mencerminkan globalisasi kereta China sedang memasuki peringkat yang lebih mendalam. Untuk benar-benar memasuki pasaran luar negara, akhirnya bergantung kepada pengurusan jangka panjang, penyesuaian teknologi dan servis tempatan. Mengasah tempatan untuk bersama mencipta masa depan hijau, mungkin juga perkataan kunci untuk langkah selanjutnya eksport kereta China.

"Auto Market Little Horn" latest news, BYD (002594.SZ) just released its 2026 first-half financial report tonight (August 28), with key core indicators remaining stable: Revenue 344.8 billion yuan, Net Attributable Profit 12.3 billion yuan, R&D Investment 28.9 billion yuan, Cash Reserves 167.4 billion yuan. Worth noting is that second quarter net profit increased 30% year-on-year, gross margin continued its upward trend, reaching 18.9%, setting a new high for nearly a year, profitability improved steadily, and resilient growth consolidated its industry position.

Current automotive industry competition intensifies. Relying on a stable operational foundation and continuously optimized business structure, BYD's development trend in the first half of the year continues to improve, further consolidating its industry leader status.

In the first half of the year, BYD's overseas sales reached 790,000 vehicles, up 68% year-on-year, covering over 120 countries and regions globally, topping the new energy vehicle brand sales charts in key markets such as the UK, Brazil, and Thailand. With the gradual release of overseas localized production capacity and the continuous improvement of the channel system, the overseas sector has become an important engine driving the company's performance growth.

At the same time, the high-end product matrix accelerated volume growth. The combined sales of the three brands Fang Cheng Bao, Denza, and Yangwang reached 228,000 vehicles, up 61% year-on-year, accounting for 12.6% of total sales. Among them, Fang Cheng Bao brand sales reached 160,000 vehicles, up 163% year-on-year; Denza brand also performed brilliantly, with June sales volume breaking 20,000 vehicles for the first time, with an average product price of 360,000 yuan; Yangwang is the brand with the fastest sales volume to break 10,000 among domestic new energy million-yuan luxury cars.

Internationalization and premiumization advanced on two lines, promoting continuous optimization of the company's product structure and steadily enhancing profitability. Second quarter net profit increased 30% year-on-year, gross margin reached 18.9%, setting a new high for nearly a year. Despite short-term pressure on net profit, upon detailed examination, it was mainly due to exchange losses caused by currency volatility this year. The profitability of the company's main business remained stable, and development resilience became more prominent.

Operating quality climbs steadily, with the core driver being continuous technical breakthroughs. In the first half of 2026, the company's R&D investment was 28.9 billion yuan, far exceeding the net profit of the same period, consecutively ranking as the "R&D King" on A-shares, with cumulative R&D investment exceeding 270 billion yuan.

High-intensity R&D investment is accelerating the conversion into perceivable technical results. The second-generation Blade Battery and Flash Charge technology released in March this year set a record for the fastest charging speed in global mass production, successfully conquering the world problems of "slow charging" and "difficult low-temperature charging", gaining recognition from the Ministry of Industry and Information Technology. Apart from technical breakthroughs, second-generation Blade Battery production capacity and Flash Charge station construction are also accelerating in sync. Relying on the "Flash Charge China" strategy, currently 10,000 Flash Charge stations have been built nationwide, covering 332 cities, and plans are to deploy 6,000 Flash Charge stations overseas within a year, helping global electrification leap forward development.

Significant progress has also been made in the intelligence field. After ensuring safety nets for intelligent parking, BYD took the lead in May in committing to safety nets for City Pilot, becoming the only enterprise in the world with a "Double Safety Net", promoting assisted driving popularization with practical actions. As of July 31, BYD's assisted driving vehicle fleet size exceeded 3.52 million vehicles. God's Eye generates over 220 million kilometers of data daily. The Xuanji A3 released in the same period is China's first self-developed 4nm process smart driving chip. From underlying chips to system software, BYD continues to promote vertical integration and full-stack self-research, leading global automotive industry intelligence transformation.

Practicing social responsibility, BYD answers with action. In the first half of 2026, BYD's total domestic tax payment was 22.3 billion yuan, far exceeding the net profit of the same period. In terms of sustainable development, the company firmly targets the goal of "achieving carbon neutrality across the entire value chain by 2045", with ESG performance ranking firmly in the top tier of domestic enterprises. From January to June, BYD new energy vehicle full lifecycle carbon emission reduction volume reached 23.17 million tons, equivalent to planting 386 million trees, contributing practical power to low-carbon transformation.

In the view of "Auto Market Little Horn", in the first half of 2026, the global automotive industry accelerated reconstruction, and industry profitability was generally under pressure. BYD managed to break out against the trend, and second quarter performance reached a new level. With technical results continuing to emerge in the second half of the year, the proportion of high-end models steadily rising, and globalization layout entering the harvest period, enterprise profitability and development potential will become more prominent, and full-year performance is expected to improve quarter by quarter and continue to climb. From technical breakthroughs to global layout, from high-end breakthroughs to responsibility and commitment, the company is reshaping growth logic with comprehensive competitiveness and leading global industry transformation.

"Sumber Berita Pasaran Kereta" berita terkini, BYD (002594.SZ) malam ini (28 Ogos) baru sahaja mempublikasikan laporan kewangan bagi separuh tahun 2026, pelbagai indikator teras kekal stabil: pendapatan jualan 344.8 bilion Yuan, keuntungan bersih pemegang saham 12.3 bilion Yuan, perbelanjaan penyelidikan 28.9 bilion Yuan, simpanan tunai 167.4 bilion Yuan. Perkara yang perlu diberi perhatian ialah, keuntungan bersih suku kedua meningkat 30% berbanding tahun sebelumnya, kadar keuntungan terusan meningkat, mencapai 18.9%, tertinggi dalam tempoh hampir satu tahun, keupayaan keuntungan meningkat stabil, pertumbuhan tangkas memperkukuh kedudukan industri.

Persaingan industri kereta masa ini semakin sengit, BYD凭借 dasar operasi yang kukuh dan struktur perniagaan yang sentiasa dioptimumkan, trend pembangunan separuh tahun terus meningkat, kedudukan pemimpin industri semakin kukuh.

Sepanjang separuh tahun, jualan luar negara BYD mencapai 790,000 unit, meningkat 68% berbanding tahun sebelumnya, perniagaan merangkumi lebih 120 negara dan kawasan di seluruh dunia, di United Kingdom, Brazil, Thailand dan pasaran utama lain mencapai tempat pertama jenama kenderaan baharu. Bersama dengan pelepasan kapasiti tempatan di luar negara secara beransur dan penyempurnaan sistem saluran, sektor luar negara telah menjadi enjin penting untuk mengepam pertumbuhan prestasi syarikat.

Pada masa yang sama, matriks produk kelas atas mempercepatkan peningkatan, jenama Fang Cheng Bao, Denza dan Yangwang jumlah jualan 228,000 unit, meningkat 61% berbanding tahun sebelumnya, peratusan daripada jumlah jualan naik kepada 12.6%, di mana jenama Fang Cheng Bao jualan mencapai 160,000 unit, meningkat 163% berbanding tahun sebelumnya; jenama Denza juga menunjukkan prestasi yang cemerlang, jualan Jun untuk kali pertama memecahkan 20,000 unit, purata harga produk mencapai 360,000 Yuan; Yangwang adalah jenama yang paling pantas memecahkan 10,000 unit dalam kategori kenderaan mewah baharu domestik berjuta-juta Yuan.

Pendekatan Antarabangsa dan Kelas Atas berjalan selari, mendorong struktur produk syarikat dioptimumkan terusan, keupayaan keuntungan bertambah stabil, keuntungan bersih suku kedua meningkat 30%, kadar keuntungan mencapai 18.9%, tertinggi hampir satu tahun. Walaupun keuntungan bersih tertekan dalam jangka pendek, tetapi jika dikaji sebabnya, terutamanya kerugian pertukaran wang yang disebabkan oleh perubahan kadar mata wang tahun ini, perniagaan utama syarikat kekal stabil, ketahanan pembangunan semakin ketara.

Kualiti operasi meningkat stabil, pemicu utama terletak pada terobosan teknologi terusan. Sepanjang separuh tahun 2026, pelaburan penyelidikan syarikat 28.9 bilion Yuan, jauh melebihi keuntungan bersih pada tempoh yang sama, menangisan semula "Raja R&D" dalam Saham A, jumlah pelaburan penyelidikan telah melepasi 270 bilion Yuan.

Pelaburan penyelidikan intensif tinggi sedang mempercepatkan penukaran kepada hasil teknologi yang dapat dirasakan. Mac tahun ini dilancarkan Bateri Pisau Kedua dan Teknologi Pengisian Pantas, mencipta rekod kelajuan cas pengeluaran paling laju di seluruh dunia, mengatasi masalah dunia "cas lambat" dan "sulit cas suhu rendah", diperoleh pengiktirafan berwibawa oleh Kementerian Perindustrian. Di luar terobosan teknologi, kapasiti Bateri Pisau Kedua dan pembinaan stesen Pengisian Pantas juga mempercepatkan serentak, berdasarkan strategi "Pengisian Pantas China", kini di seluruh negara telah siap dibina 10,000 stesen Pengisian Pantas, merangkumi 332 bandar, dan merancang untuk memasang 6,000 stesen Pengisian Pantas di luar negara dalam satu tahun, membantu pembangunan melompat elektrik di seluruh dunia.

Bidang kecerdasan juga mencapai kemajuan penting, selepas menyediakan jaminan keselamatan untuk letak kereta pintar, BYD di Mei terlebih dahulu berjanji untuk menjamin keselamatan Pandu Bandar, menjadi syarikat tunggal di dunia "Gandaan Jaminan", menggerakkan penyebaran pemanduan bantuan dengan tindakan nyata. Sampai ke 31 Julai, bilangan model BYD pemanduan bantuan melebihi 3.52 juta unit, Mata Dewa menjana data lebih daripada 220 juta kilometer sehari. Xuanji A3 yang dilancarkan pada masa yang sama, ialah cip pemanduan pintar proses 4nm penyelidikan sendiri pertama China, dari cip asas hingga perisian sistem, BYD terusan memacu integrasi menegak dan penyelidikan mandiri penuh, memimpin perubahan pintar industri kereta di seluruh dunia.

Melaksanakan tanggungjawab sosial, BYD menjawab dengan tindakan. Sepanjang separuh tahun 2026, jumlah cukai domestik BYD 22.3 bilion Yuan, jauh melebihi keuntungan bersih pada tempoh yang sama. Dalam aspek pembangunan berkelanjutan, syarikat tetap menentukan sasaran "mewujudkan neutraliti karbon seluruh rantaian nilai pada 2045", prestasi ESG kekal di tangga pertama syarikat domestik. Jan - Jun, kadar pengurangan karbon kitaran hidup lengkap kenderaan baharu BYD mencapai 23.17 juta tan, setara dengan menanam 386 juta pokok, memberi tenaga yang berkesan untuk peralihan rendah karbon.

Menurut "Sumber Berita Pasaran Kereta", sepanjang separuh tahun 2026, industri kereta global mempercepatkan pembinaan semula, keuntungan industri secara umum tertekan. Sedangkan BYD berjaya menerobos arus bertentangan, prestasi suku kedua mencapai peringkat baru. Dengan hasil teknologi terusan muncul di separuh tahun kedua, peratusan model kelas atas meningkat stabil,布局 global memasuki tempoh panen, keupayaan keuntungan dan potensi pembangunan syarikat akan semakin ketara, prestasi sepanjang tahun dijangka membaik setiap suku dan terus meningkat. Dari terobosan teknologi ke布局 global, dari突围 kelas atas ke tanggungjawab, syarikat sedang membentuk semula logik pertumbuhan dengan daya saing menyeluruh, memimpin perubahan industri di seluruh dunia.

Malam 28 Ogos, BYD (002594.SZ) melaporkan laporan kewangan bagi semester pertama 2026, ketahanan operasi kekal stabil: pendapatan operasi 344.8 bilion yuan, keuntungan bersih yang dikongsi 12.3 bilion yuan, perbelanjaan penyelidikan dan pembangunan 28.9 bilion yuan, bekas tunai 167.4 bilion yuan. Boleh diperhatikan ialah, keuntungan bersih Suku Kedua meningkat 30% berbanding tahun sebelum, margin kasar terusan trend kenaikan, mencapai 18.9%, merupakan rekod tertinggi dalam tempoh satu tahun, keupayaan keuntungan meningkat secara stabil.

Persaingan dalam industri automotif kini semakin sengit, BYD凭借 asas operasi yang kukuh dan struktur perniagaan yang sentiasa dioptimumkan, trend pembangunan pada semester pertama terus baik, kedudukan pemimpin industri diperkukuh lagi.

Pendorongan Dua Roda Premium Antarabangsa, Struktur Pertumbuhan Terusan Menjadi Lebih Baik

Semester pertama, jualan luar negara BYD mencapai 790,000 unit, kumpulan naik 68% berbanding tahun sebelum, perniagaan merangkumi lebih 120 negara dan wilayah, memimpin jualan jenama kenderaan baharu di pasaran teras seperti Britain, Brazil, Thailand. Seiring dengan pelepasan kapasiti tempatan luar negara secara berperingkat dan penyempurnaan berterusan sistem saluran, sektor luar negara telah menjadi enjin penting untuk menarik pertumbuhan prestasi syarikat.

Pada masa yang sama, produk premium mempercepatkan peningkatan kuantiti, tiga jenama Fang Cheng Bao, Denza dan Yangwang jumlah jualan 228,000 unit, kumpulan naik 61% berbanding tahun sebelumnya, nisbah kepada jumlah jualan meningkat ke 12.6%, antaranya jenama Fang Cheng Bao mencapai 160,000 unit, kumpulan naik 163%; jenama Denza juga menunjukkan prestasi cemerlang, jualan Jun pertama kali pecah 20,000 unit, purata harga produk mencapai 360,000 yuan; Yangwang ialah jenama yang paling cepat mencapai penjualan 10,000 unit dalam kategori mega mewah kenderaan baharuan tempatan bernilai jutaan yuan.

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Pendekatan antarabangsa dan premium dilaksanakan serentak, mendorong struktur produk syarikat terus dioptimumkan, keupayaan keuntungan meningkat stabil, laporan Suku Kedua untung bersih meningkat 30%, margin kasar mencapai 18.9%, rekod tertinggi dalam tempoh setahun. Walaupun keuntungan bersih tertekan secara sementara, tetapi dengan analisis mendalam punca, terutamanya kerugian tukaran mata wang akibat turun naik nilai mata wang tahun ini, keuntungan perniagaan utama syarikat kekal stabil, ketahanan pembangunan semakin jelas.

Pelaburan Penyelidikan Besar Memperkukuh Parit Pertahanan, Keputusan Teknologi Turun Secara Padat

Kualiti operasi meningkat secara stabil, pemacu utama terletak pada terobosan teknologi berterusan. Semester pertama 2026, perbelanjaan R&D syarikat 28.9 bilion yuan, jauh melebihi keuntungan bersih pada masa yang sama, memegang gelaran "Raja R&D" dalam pasaran saham A, jumlah pelaburan penyelidikan dan pembangunan telah melepasi 270 bilion yuan.

Pelaburan penyelidikan dan pembangunan bertingkat tinggi, sedang dipercepatkan menjadi hasil teknologi yang boleh dirasakan. Mac tahun ini, keluaran generasi kedua Bateri Pisau dan teknologi Cas Kilat, menciptakan rekod kelajuan cas paling pantas di dunia untuk pengeluaran, memecahkan masalah dunia "cas lambat" dan "sulit cas suhu rendah" sekali gus, diperakui oleh Kementerian Perindustrian yang berwibawa. Di luar terobosan teknologi, kapasiti Bateri Pisau generasi kedua dan pembinaan stesen cas kilat dipercepatkan serentak, berdasarkan strategi "Cas Kilat China", saat ini telah dibina 10,000 stesen cas kilat di seluruh negara, merangkumi 332 bandar, dan merancang untuk menubuhkan 6,000 stesen cas kilat di luar negara dalam masa satu tahun, membantu pembangunan pesat elektrifikasi global.

Bidang kecerdasan buatan juga mencapai kemajuan penting, setelah memberikan jaminan keselamatan untuk parkir pintar, BYD di bulan Mei secara awal berjanji untuk jaminan keselamatan pemanduan bandar, menjadi satu-satunya syarikat di dunia dengan "dua jaminan keselamatan", mendorong populariti pemanduan bantuan secara tindakan nyata. Sehingga 31 Julai, jumlah kenderaan BYD dengan pemanduan bantuan melebihi 3.52 juta unit, Mata Tianzhi menjana data melebihi 220 juta kilometer sehari. Xuanji A3 dikeluarkan pada masa yang sama, cip pemanduan pintar proses 4nm pertama di China yang direka sendiri, dari cip asas ke perisian sistem, BYD berterusan melaksanakan pengintegrasian menegak dan penyelidikan sepenuhnya sendiri, memimpin transformasi kecerdasan dalam industri automotif global.

Pembangunan tidak melupakan tanggungjawab, melaksanakan tanggungjawab sosial secara aktif

Mendewakan tanggungjawab sosial, BYD menjawab dengan tindakan. Semester pertama 2026, jumlah cukai domestik BYD 22.3 bilion yuan, jauh melebihi keuntungan bersih pada masa yang sama. Dalam aspek pembangunan mampan, syarikat pasti menentukan sasaran "mencapai neutraliti karbon sepanjang rantai nilai pada 2045", prestasi ESG kekal dalam barisan pertama syarikat domestik. Januari-Juni, pengurangan karbon sepanjang kitaran hayat kenderaan baharu BYD mencapai 23.17 juta tan, setara dengan menanam 386 juta pokok, memberikan sumbangan kekuatan sebenar untuk transformasi rendah karbon.

Penutup

Semester pertama 2026, industri automotif global mempercepatkan struktur semula, keuntungan industri berada di bawah tekanan. BYD keluar dari tekanan lawan trend, prestasi Suku Kedua mencapai tahap baru. Semasa penghujung tahun hasil teknologi berterusan muncul, nisbah model premium meningkat secara stabil,布局 global memasuki fasa panen, keupayaan keuntungan dan potensi pembangunan syarikat akan semakin jelas, prestasi sepanjang tahun dijangka meningkat setiap suku dan terus naik. Daripada terobosan teknologi ke布局 global, daripada keluar dari premium ke tanggungjawab, syarikat sedang mengubah semula logik pertumbuhan dengan daya saing menyeluruh, memimpin perubahan industri global.

The threshold for buying a car in Singapore is high, so consumers naturally exercise more caution when making choices. Putting the finale of the Silk Road 10,000-Mile Expedition here feels like a "double acceptance": verifying technology along the way and validating the market upon landing. Whether the fleet can stably complete over 10,000 kilometers is one report card, and whether the brand can enter the daily lives of locals is another.

This journey lasted 33 days, departing from Xi'an, crossing six provinces domestically, passing through Thailand and Malaysia, finally arriving in Singapore. Dynasty, Ocean, Denza, Fang Cheng Bao, and Yangwang multiple models faced highways, mountain roads, and city congestion along the way. The road conditions were complex enough, giving the test real weight. Supercharging for 5 minutes from 10% to 70%, charging to 97% in 9 minutes, solves the long-distance fleet scheduling; God's Eye auxiliary driving relies on over 220 million kilometers of real driving data daily for continuous iteration, corresponding to repetitive operations and fatigue pressure during continuous driving. Green Energy Companion on the Silk Road Journey did not stay in a slogan; every technology can find its exam questions within the route.

After arriving in Singapore, market performance aligns with this journey. From January to July 2026, BYD's local passenger car market share reached 24.7%, and pure EV market share reached 40.3%, while also establishing 16 retail touchpoints, with some stores entering core shopping centers. In an environment with high vehicle ownership costs and non-low product prices, consumers are still willing to choose, indicating that product experience, channel reach, and after-sales service are forming a complete support system.

Expanding the view overseas, BYD's overseas cumulative sales for the first 7 months of this year exceeded 970,000 units, with July alone reaching 179,800 units. Products have entered over 120 countries and regions. Digital growth is of course noticeable, but this 10,000-mile journey showed me that the real difficulty of overseas operations is delivering technology, products, and local services together to the user's side.

Therefore, the highlights of the Singapore finale have three layers: verifying product capabilities over 10,000 kilometers, verifying user choice through market share, and long-term operations undertaken by the retail network. These three things linked together are more convincing than a lively arrival ceremony. The fleet has stopped, but BYD's overseas journey continues.