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Chinese EV maker BYD sees first-quarter profit soar on strong sales

Dow Jones Newswires Last Updated: April 27, 2023 at 8:26 p.m. ET First Published: April 27, 2023 at 8:31 p.m. ET BYD Co. HK:1211 posted a more than five-fold rise in net profit for the first quarter, driven by strong sales growth. The electric-vehicle maker’s net profit in the first three months of the year

chinese-ev-maker-byd-sees-first-quarter-profit-soar-on-strong-sales

Dow Jones Newswires

BYD Co. HK:1211 posted a more than five-fold rise in net profit for the first quarter, driven by strong sales growth.

The electric-vehicle maker’s net profit in the first three months of the year rose to 4.13 billion yuan ($596.5 million) from CNY808.4 million in the same period last year.

However, profit retreated from the CNY7.30 billion…

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