7 Articles
7 Articles
BYD’s Rapid Growth Continues in Q1, Net Profit Surges Over 100% YoY - YT FINANCE
Chinese new energy vehicle maker BYD Company (002594.SZ, 01211.HK)'s rapid growth continued in first quarter of 2025. The company reported a revenue of 170.36 billion yuan for Q1, marking a year-on-year increase of 36.35%, and its net profit attributable to shareholders surged 100.38% year-on-year to 9.155 billion yuan.
China's BYD posts strong quarterly profit on EV sales surge
Beijing (AFP) April 25, 2025 Chinese electric vehicle giant BYD reported strong first-quarter profits on Friday, propelled by surging sales as US rival Tesla struggles to maintain pace. China's EV market is the largest in the world, and BYD has emerged in recent years as the clear leader of the highly competitive sector, outperforming Tesla in annual revenue last year. The Shenzhen-based firm achieved a net profit o
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