Skip to main content

BYD Q1 profit more than doubles

BEIJING -- BYD Co. on Wednesday reported growth of 111 percent in first-quarter net profit.

BYD reported net profit of 237.4 million yuan ($36.61 million) in the first three months, up from 112.6 million yuan a year earlier. Revenue grew 108 percent to 41 billion yuan in the first quarter.

The Shenzhen-based car company, which has partnerships with Japan's top automaker Toyota and German Daimler in China, sold 104,145 vehicles between January and March in 2021, up 70 percent from a year earlier.

BYD's chairman said last week that it would launch a new EV product platform which will be available to other automakers.



from Section Page News - Automotive News https://ift.tt/3aLFAGk
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Archive: The World Cup winner left floundering by Ford's BTCC nadir

If Damon Hill wins the Formula 1 world championship this season, he shouldn't get too carried away. If he does, he may find himself given a little nudge by a diminutive New Zealander. For it is 10 seasons since the Kiwi in question - Paul Radisich - partnered Hill in Murray Taylor Racing's British Formula 3 championship team. And it was just seven years later, in 1993, that the new 33-year-old ... Keep reading from Autosport.com - All - Stories https://ift.tt/3tMOPg8 via IFTTT
Post a Comment
Read more

2018 BMW M5 Previewed

While the wraps are literally still on, the next BMW M5 has broken cover accompanied by a slew of camouflaged images and impressive technical details. from Kelley Blue Book Latest News & Articles - Kelley Blue Book http://ift.tt/2q1uJxA via IFTTT
Post a Comment
Read more

Revealed: The six venues where F1 plans sprint races in 2022

During Saturday’s regular meeting between team principals and F1 chiefs in the Jeddah paddock, it has emerged that an initial proposal about the 2022 sprint events was put forward. While F1’s ideas remain in a very formative stage, and no vote was taken about whether or not to definitely push on with the concept for next year, several key details were outlined. In particular, multiple ... Keep reading from Autosport.com - All - Stories https://ift.tt/3IdUVi1 via IFTTT
Post a Comment
Read more