Etiqueta: BYD

Chinese automaker BYD (BYDDY) said its net profit doubled year-over-year in the first quarter, climbing to 9.15 billion yuan, or about $1.3 billion.

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STORY: BYD's first-quarter profit leapt more than 100% from a year earlier.It was the fastest pace in nearly two years for the Chinese electric vehicle giant.And it extends BYD's lead in its competitive home market after the carmaker launched an EV price war.A stock filing showed Friday (April 25) net profit reached $1.26 billion - roughly in line with projections.Revenue came in at $23.3 billion during the quarter, up over 36% year-on-year.China's biggest EV maker has made waves in the market over the past few months as it tries to extend its lead in its home market.It offered its "God's Eye" driver-assistance system as a standard feature at no extra cost across its lineup.And it unveiled a new super-charging EV technology platform.It led rivals like Geely and Toyota to follow suit with affordable EVs containing smart features.Outside of its home market, the automaker has targeted exports of 800,000 vehicles this year.

China’s leading automaker, BYD, reported a 100.4% profit surge in the first quarter, partly driven by its smart electric vehicle (EV) features. BYD’s net profit reached 9.2 billion yuan ($1.26 billion), exceeding the company’s earlier forecast of RMB 8.5 billion ($1.1 billion) to RMB 10 billion ($1.3 billion), according to a Friday stock filing. The […]

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BYD reported a net income of RMB 9.16 billion ($1.26 billion) in the first quarter, up 100.38 percent year-on-year.

BYD's first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market by launching a smart EV price war. Net profit totalled 9.2 billion yuan ($1.26 billion), a stock filing showed on Friday, compared with the company's earlier estimate of 8.5 billion yuan to 10 billion yuan. Revenue came in at 170.4 billion yuan in the quarter, up 36.4% year-on-year versus a 10.6% rise in the previous quarter.

An update from BYD Co ( ($HK:1211) ) is now available. BYD Company Limited has reported a strong financial performance for the first quarter of 2025, with a notable...