BYD’s Net Income Jumps More Than 400% as EV Shift Takes Hold

BYD’s Net Income Jumps More Than 400% as EV Shift Takes Hold

Business
March 29, 2023 by secret
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[ad_1] (Bloomberg) — BYD Co.’s profit more than quintupled last year after the Chinese automaker sold a record number of electric vehicles and stepped up its battle with Tesla Inc. for market share. Most Read from Bloomberg Net income soared 446% to 16.6 billion yuan ($2.4 billion), the company said Tuesday, in line with the