BYD's R&D Spending in First Three Quarters of 2026 Reaches 36.3 Billion Yuan, 14 Billion Yuan More Than Net Profit Attributable to Parent

On November 1, 2026, He Zhiqi, Executive Vice President of BYD Company Limited, stated in a post that BYD's R&D expenses for the first three quarters of 2026 amounted to 36.3 billion yuan, with net profit attributable to shareholders of 22.3 billion yuan, meaning R&D expenses exceeded net profit by 14 billion yuan. BYD's cumulative R&D investment has surpassed 280 billion yuan. In the post, He Zhiqi mentioned technologies such as Blade Battery, e-Platform 3.0, DiSus, and God's Eye, and stated that Blade Battery production capacity is gradually being released. On November 1, 2026, BYD released its October 2026 production and sales report: October new energy vehicle sales were approximately 490,200 units, up 10.97% year-on-year; cumulative sales for the first 10 months were approximately 3,621,700 units, down 2.16% year-on-year.