BYD posts US$1.2 billion profit in second quarter on surging global demand
South China Morning Post3h ago1 newsroom
China’s electric vehicle (EV) giant BYD saw its earnings jump 30 per cent in the three months from April to June, ending a five-quarter losing streak as buoyant overseas sales and premium models enhanced its net margin and profitability. The Shenzhen-based carmaker, also the world’s largest EV builder, posted a net income of 8.2 billion yuan (US$1.2…