Visitors view a BYD Dolphin EV car at the 44th Bangkok International Motor Show in Bangkok, Thailand, on March 23, 2023. Photo: Reuters
Warren Buffett-backed BYD posts record quarterly profit as value-for-money EVs prove a hit with Chinese buyers
- The Shenzhen-based carmaker’s profit rose 12-fold to 7.3 billion yuan (US$1.06 billion) in the three months to December, compared with 602 million yuan a year earlier
- Quarterly revenue surged 106 per cent to 156.4 billion yuan, buoyed by a 156.7 per cent jump in sales to 683,440 units
