Chinese EV giant BYD's fourth-quarter profit leaps 73%
FILE PHOTO: The logo of the Chinese electric car brand BYD is pictured in Mexico City, Mexico, March 3, 2025. REUTERS/Quetzalli Nicte-Ha/File Photo
BEIJING : Chinese electric vehicle (EV) maker BYD lifted fourth-quarter net profit by 73.1 per cent to a record 15 billion yuan ($2.1 billion), it said on Monday, reaping the rewards from undercutting and outselling its rivals.
Fourth-quarter revenue was up 52.7 per cent at 274.9 billion yuan, the company said in a stock market filing.
For the whole of last year, profit rose 34 per cent to a record 40.3 billion yuan on revenue up 29 per cent.
($1 = 7.2520 Chinese yuan renminbi)
Source: Reuters
