BYD Revenue By Segment: Global, Mobile Handset, and Automobile

Chinese vehicles. Pexels Image.

This article presents BYD’s global revenue and revenue breakdown by segment. BYD’s reportable segments consist of two major divisions: mobile handset components and automobiles.

BYD derives its revenue primarily from the sales of automobile products. BYD’s revenue share of automobile products hit the highest level of over 80% in fiscal year 2025.

Let’s dive into the details!

For other key statistics of BYD, you may find more information on these pages:

Sales

• BYD global car sales,
• BYD commercial vehicle sales,
• BYD sales breakdown of nev,
• BYD electric and hybrid vehicle sales,

Revenue

• BYD revenue by region,

Profit Margin

• BYD profitability, vehicle margin, and profit per car,
• BYD vs Tesla: vehicle profit and margin analysis

R&D Budget

• BYD vs Tesla: R&D budget comparison

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Definitions

To help readers understand the content better, the following terms and glossaries have been provided.

Automobiles And Related Products, And Others: BYD’s Automobiles and Related Products, and Others segment encompasses the manufacture and sale of automobiles, including internal combustion, hybrid, and battery-electric passenger vehicles.

It also includes buses, coaches, taxis, logistics vehicles, construction vehicles, sanitation vehicles, and vehicles for warehousing, port, airport, and mining operations. Additionally, this segment covers auto-related molds and components, automobile leasing, after-sales services, and automobile power batteries.

Mobile Handset Components, Assembly Service, And Others: BYD’s Mobile Handset Components, Assembly Service, and Other Products segment involves the manufacture and sale of mobile handset components such as housings and electronic components.

Additionally, this segment provides assembly services for these components. Essentially, BYD acts as a one-stop supplier for mobile phone manufacturers, offering product design, manufacturing, testing, assembly, and after-sales services.

Renminbi (RMB): Renminbi or RMB is the official currency of the People’s Republic of China. The primary unit of the renminbi is the yuan. The symbol for the Chinese Yuan Renminbi is CN¥ or simply ¥.

BYD Company uses the Renminbi (RMB) for its financial transactions and reporting. The current exchange rate for the Chinese Yuan (CN¥) to the US Dollar (USD) is approximately 6.79 CN¥ for 1 USD.

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Insight & Summary of BYD’s Revenue Breakdown By Segment

The following analysis consolidates the trends observed across BYD’s revenue by segment for the 2019–2025 period.

• BYD’s revenue has undergone one of the most rapid structural transformations in the global automotive industry — total revenue grew from ¥121.8B ($18.3B) in 2019 to ¥804.0B ($120.6B) in 2025, a 560% increase over six years. The 3-year average of ¥727.7B ($109.2B) places BYD firmly in the ranks of the world’s largest automotive revenue generators. This growth has not been linear: the sharpest acceleration occurred in FY2022, when total revenue grew 96.1% — nearly doubling in a single year — as BYD’s NEV sales volume surged following the cessation of ICE vehicle production and the simultaneous benefit of the global shortage pushing demand toward domestic Chinese EVs. The 3-year average growth of 24.9% confirms that even after the 2022 step-change, BYD continues to grow at a pace that far outpaces the global automotive industry average.

• Automobiles and related products is the dominant and accelerating segment — its 2022 inflection is the defining event of the entire dataset. Automobile revenue grew from ¥69.3B in 2019 to ¥648.6B in 2025, a 837% increase. The 3-year average of ¥583.1B ($87.5B) accounts for 80.1% of total revenue. The most significant single-year event is FY2022, when automobile revenue grew 151.6% — more than 2.5x in a single year — as BYD’s NEV volumes scaled from approximately 600,000 units (2021) to 1.86 million units (2022). This represents the moment BYD’s manufacturing scale reached the critical mass required to generate automotive economics comparable to global legacy OEMs. The subsequent growth of 48.9% (2023), 27.8% (2024), and 5.1% (2025) reflects a natural deceleration from an exponentially higher base — the FY2025 moderation to 5.1% is a mathematical inevitability, not a competitive signal. On a dollar basis, automobile revenue reached $97.3B in FY2025, placing BYD’s automobile segment alone among the top-five global automotive revenue earners.

• The automobile revenue mix shift — from 56.9% (2019) to 80.7% (2025) — represents a fundamental business model transformation. In 2019, BYD was nearly evenly split between electronics manufacturing and automobiles — a dual-business company where neither segment clearly dominated. By 2025, automobiles represent more than four-fifths of revenue, cementing BYD’s identity as an automotive company with an electronics subsidiary rather than an electronics company with an automotive division. The 3-year average mix of 80.1% automobile / 19.8% mobile components is the steady-state representation of BYD’s current business architecture. This transformation was not gradual — the mix accelerated from 76.6% automobile in 2022 as automobile growth dramatically outpaced mobile component growth in FY2022–2023.

• Mobile handset components remain a structurally important revenue contributor but have been outpaced by the automobile segment’s explosive growth. Mobile component revenue grew from ¥52.5B (2019) to ¥159.6B (2024) before slightly declining to ¥155.2B in 2025 (-2.7%) — the first contraction in the dataset. The 3-year average of ¥144.5B ($21.7B) is a substantial absolute business — in isolation, BYD’s electronics manufacturing business would rank as a large-cap company — but its mix share has compressed from 43.1% (2019) to 19.3% (2025) purely because automobile growth has been so much faster. The FY2025 decline of -2.7% warrants attention: it may reflect volume pressure from smartphone market maturity, customer concentration risk (BYD Electronics services major handset OEMs including Huawei and Apple), or production rationalisation as BYD redirects capital and management attention toward its automobile expansion. The 3-year average growth of 17.3% for mobile components, while respectable in isolation, is less than half the automobile segment’s 27.3% growth rate — confirming that the structural divergence between the two segments will continue.

• Structural Takeaway: BYD’s revenue architecture in 2023–2025 is that of a vertically integrated automotive conglomerate with a high-quality electronics manufacturing subsidiary. The automobile segment’s ¥583B 3-year average — growing at 27.3% annually — is the primary value driver and will likely account for 85%+ of revenue within two years if recent trends continue. The mobile component segment’s near-stagnation in 2025 introduces a modest risk to the overall revenue trajectory but does not change the fundamental BYD investment thesis, which rests entirely on the automotive segment’s volume growth, pricing, and global expansion into Southeast Asia, Europe, and emerging markets. The 3-year total revenue average of ¥727.7B ($109.2B) growing at 24.9% represents a pace of expansion that no global automotive incumbent — Toyota, Volkswagen, or Stellantis — can currently match.

The table below combines all key BYD’s revenue metrics into a single view for the latest three fiscal years.

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Revenue (CNY$): Mobile Handset, Automobiles, and Total

BYD uses the Renminbi (RMB), also known as the Chinese Yuan (CNY), for its financial transactions and reporting. The exchange rate of the Chinese Yuan to USD is available here: Yuan to USD conversion.

BYD’s businesses consist of two major segments: automobiles and mobile handset components. The definitions of BYD’s segments are available here: automobiles and mobile handset components.

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Revenue (USD$): Mobile Handset, Automobiles, and Total

BYD uses the Renminbi (RMB), also known as the Chinese Yuan (CNY), for its financial transactions and reporting. The exchange rate of the Chinese Yuan to USD is available here: Yuan to USD conversion.

BYD’s businesses consist of two major segments: automobiles and mobile handset components. The definitions of BYD’s segments are available here: automobiles and mobile handset components.

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Revenue Mix: Mobile Handset, Automobiles, and Total

BYD uses the Renminbi (RMB), also known as the Chinese Yuan (CNY), for its financial transactions and reporting. The exchange rate of the Chinese Yuan to USD is available here: Yuan to USD conversion.

BYD’s businesses consist of two major segments: automobiles and mobile handset components. The definitions of BYD’s segments are available here: automobiles and mobile handset components.

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Revenue Growth: Mobile Handset, Automobiles, and Total

BYD uses the Renminbi (RMB), also known as the Chinese Yuan (CNY), for its financial transactions and reporting. The exchange rate of the Chinese Yuan to USD is available here: Yuan to USD conversion.

BYD’s businesses consist of two major segments: automobiles and mobile handset components. The definitions of BYD’s segments are available here: automobiles and mobile handset components.

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References and Credits

1. All financial figures presented were obtained and referenced from BYD’s quarterly and annual reports published on the company’s investors relations page: BYD Investors Relation.

2. Pexels Images.

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Disclosure

We may use artificial intelligence (AI) tools to assist us in writing some of the text in this article. However, the data is directly obtained from original sources (usually the quarterly and annual reports) and meticulously cross-checked by our editors multiple times to ensure its accuracy and reliability.

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