BYD enjoys 445.86% profit growth in 2022, expects promising 2023 with overseas expansion

Peng Chen, DIGITIMES Asia, Taipei 0

Credit: AFP

BYD finished 2022 strong despite facing multiple challenges. Increasing new energy vehicle (NEV) sales benefited the EV maker's revenue and profits. It reported CNY16.62 billion (US$2.4 billion) in net profit, a 445.86% surge from 2021.

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