BYD expects record net profit for 2023

By Agence France-Presse

Jan 31, 2024 12:17 am

BEIJING: Chinese electric vehicle giant BYD, the world leader in the sector, said its net profits soared in 2023 and expects the final figure to hit a new record, according to preliminary results released on Monday.

The group said in an earnings preview that it expects net profit for last year to fall between 29 and 31 billion yuan ($4.1 to $4.4 billion) ― an increase of between 74.5 and 86.5 percent as compared with the year before, the company said.

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