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July 5 (NBD) -- BYD Company Limited (002594.SZ) saw large impact on the company's net income brought by sliding subsidy for new energy vehicles (NEVs), foreign exchange loss as well as climbing financing cost in the first six months of this year, the Chinese electric car maker said Wednesday in response to investors' concerns.

However, the carmaker said that its NEV business is expected to experience significant improvement in the second half of 2018, with new car models launched in the market and subsidies for long-range electric cars raised.

Email: gaohan@nbd.com.cn