BYD posts record annual profit for 2023

By Agence France-Presse

Mar 28, 2024 12:05 am

BEIJING: Chinese battery and automotive giant BYD achieved a record profit in 2023, annual results showed on Tuesday, despite fierce competition in the country as demand for electric vehicles (EVs) grows.

The Shenzhen-based company is now moving quickly overseas including into countries in Southeast Asia but also further afield in Latin America and Europe as a price war continues to be waged in China, the world's largest automotive market.

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