BYD’s Registered Capital Jumps 200% to Approximately $1.283 Billion

This capital increase will provide financial guarantees for BYD’s global expansion, investment in research and development, and improvement of production capacity.

According to Tianyancha data, BYD Company Limited completed a corporate-registration change in early September 2025, raising its registered capital from RMB 3.039 billion to RMB 9.117 billion ($1.283 billion)—an increase of 200%. This marks the most significant capital adjustment since BYD was founded in 1995.

Shareholder information shows that BYD Company Limited is jointly held by Hong Kong Securities Clearing Company (Nominees) Limited, Wang Chuanfu, Lv Xiangyang, Rongjie Investment Holding Group Co., Ltd., and other entities.

At a time when BYD is accelerating efforts both at home and abroad, this capital injection will provide financial backing for global expansion, increased R&D spending, and upgraded production capacity.

Overall, BYD’s automotive division is currently navigating domestic headwinds while making steady inroads overseas.

In China’s NEV market, BYD continues to refine its product lineup, yet intensifying competition has created notable challenges. According to a research report by Soochow Securities, BYD’s second-quarter 2025 results fell slightly short of expectations.

Financial data show that in Q2 the company recorded a net profit attributable to shareholders of RMB 6.4 billion, down 30 % year-on-year and 31 % quarter-on-quarter. Gross margin came in at 16.3 %, declining both year-on-year and quarter-on-quarter. Analysts attribute the drop in per-unit profit mainly to: (1) the share of ADAS-equipped models rising to nearly 80 %, which raised the average cost per vehicle by roughly RMB 5,000, and (2) discounts offered to counter domestic competitive pressure.

In contrast to fiercer competition at home, BYD exported 460,000 vehicles in the first half of 2025, surging 128 % year-on-year. Overseas revenue reached RMB 135.357 billion, up 50.49 % year-on-year. Europe, Southeast Asia, and Latin America contributed the most, while plants in Mexico and Thailand have begun production, proving that the “Chinese technology + local manufacturing” model is gaining traction.

With the third phase of the Brazil plant and the first phase of the Indonesia plant scheduled to start production in early 2026, BYD’s annual overseas production capacity is expected to exceed 800,000 vehicles.