BYD sold 538,704 NEVs – a term encompassing pure electric and plug-in hybrid cars – in the third quarter, up 194.4 per cent from a year ago. Photo: EPA-EFE
BYD sold 538,704 NEVs – a term encompassing pure electric and plug-in hybrid cars – in the third quarter, up 194.4 per cent from a year ago. Photo: EPA-EFE

Shares of BYD, the world’s largest electric vehicle maker, surge on bullish profit forecast

  • The carmaker forecast a huge jump in third-quarter profit as mainland Chinese motorists increasingly make the shift to battery-powered vehicles
  • BYD outsold Tesla in the first half of 2022 to become the world’s biggest electric carmaker by sales

BYD sold 538,704 NEVs – a term encompassing pure electric and plug-in hybrid cars – in the third quarter, up 194.4 per cent from a year ago. Photo: EPA-EFE
BYD sold 538,704 NEVs – a term encompassing pure electric and plug-in hybrid cars – in the third quarter, up 194.4 per cent from a year ago. Photo: EPA-EFE
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