Sure, here is the translated heading:

"The Chinese electric vehicle manufacturer BYD has recorded a significant increase in its net profit in the first half of 2024, despite weak demand in the world's largest automobile market. The company announced on Wednesday that net profit rose by 24 percent year-on-year to 13.63 billion Yuan (approximately 1.91 billion US dollars).

The revenue of BYD increased by 16 percent in the same period to 301.13 billion yuan, primarily due to the strong sales of its electric vehicle models. These gains were more than enough to offset the general weakening of demand in the Chinese automotive market.

BYD was also able to increase its gross margin to 20.0 percent, compared to 18.3 percent in the previous year, which can be attributed to the strong performance of its electric vehicle business. This places BYD among the few Chinese electric vehicle manufacturers that achieved double-digit gross margins in the second quarter. For comparison, Li Auto reported a gross margin of 19.5 percent for the same period, while the market leader in electric vehicles, Tesla, achieved an automotive gross margin of 14.6 percent.

In the second quarter, BYD delivered 426,039 fully electric vehicles, representing a 21 percent increase compared to the previous year. This put BYD just behind Tesla, which sold 443,956 units in the same period, maintaining its position as the world's leading electric vehicle provider. In the fourth quarter of the previous year, BYD had temporarily surpassed Tesla in the sales of battery-powered electric vehicles.

In light of the ongoing price war in an oversaturated domestic market and increasing tariff pressures from key trading partners, BYD and other major Chinese electric vehicle manufacturers have intensified their expansion efforts abroad. This strategy aims to boost growth and reduce dependency on the Chinese market.