Wallstreetcn: 12 Chinese listed car manufacturers recorded a combined net exchange loss of approximately 11.2 billion yuan in the first half of the year, with BYD accounting for the largest share at 4.7 billion yuan.

According to incomplete statistics from Wallstreetcn, in the first half of 2026, 12 Chinese listed automakers that separately disclosed exchange gains and losses collectively recorded a net exchange loss of approximately 11.2 billion yuan. In the same period last year, these companies collectively had a net exchange gain of about 17.3 billion yuan. The year-on-year swing in exchange gains and losses on the income statement, from positive to negative, approached 28.5 billion yuan. Among them, BYD recorded an exchange loss of 4.703 billion yuan in the first half of the year, while Chery Automobile, SAIC Motor, and Geely Automobile lost 2.092 billion yuan, 1.947 billion yuan, and 673 million yuan, respectively. Although the gross profit margins and core profits of some automakers' products are still growing, their reported profits have been significantly suppressed by exchange rates, reflecting the contradiction between overseas market expansion and the lagging development of local production, procurement, and financing systems.