02-05-2023, 04:47 PM
Will US gov demand BYD CEO to attend their complain session in Washington like they did to profit-making TikTok CEO ?
BYDβs Q1 2023 Profit Surges Over 400%
Warren Buffett-backed Chinese electric-car maker BYD Co.βs profit surged 411% in Q1 2023, boosted by EV sales growth that beat the industry average. Operating revenue rose 80% to 120.2 billion yuan ($17.38 billion) while the gross margin was 17.9%, up about 5.5%. In the first three months of 2023, BYD sold 552,100 new-energy vehicles (NEVs), almost double from the same period a year ago
![[Image: image.png]](https://www.bnnbloomberg.ca/polopoly_fs/1.1913398.1682647215!/fileimage/httpImage/image.png_gen/derivatives/landscape_620/image.png)
https://www.bloomberg.com/news/articles/...sales-soar
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BYDβs Q1 2023 Profit Surges Over 400%
Warren Buffett-backed Chinese electric-car maker BYD Co.βs profit surged 411% in Q1 2023, boosted by EV sales growth that beat the industry average. Operating revenue rose 80% to 120.2 billion yuan ($17.38 billion) while the gross margin was 17.9%, up about 5.5%. In the first three months of 2023, BYD sold 552,100 new-energy vehicles (NEVs), almost double from the same period a year ago
![[Image: image.png]](https://www.bnnbloomberg.ca/polopoly_fs/1.1913398.1682647215!/fileimage/httpImage/image.png_gen/derivatives/landscape_620/image.png)
https://www.bloomberg.com/news/articles/...sales-soar
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