BYD posted second-quarter results on August 28 showing net profit of 8.2 billion yuan, up 29.8% year-on-year, ending four consecutive quarters of profit declines. Revenue fell 3.2% to 194.6 billion yuan, marking the fourth straight quarter of year-on-year revenue contraction. Overseas sales gains in Europe and Southeast Asia offset weaker domestic performance while the company retained its position as the world's largest EV maker by shipments.