Buffett-Backed EV Maker BYD's Profit Grew 111% In First Quarter

BYD reported 237.4 million yuan ($36.61 million) net profit in the first three months this year.

By Reuters

1 mins read

Published on April 28, 2021

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Chinese electric vehicle maker BYD Co Ltd, which is backed by U.S. investor Warren Buffett, on Wednesday reported growth of 110.7% in first-quarter net profit. BYD reported 237.4 million yuan ($36.61 million) net profit in the first three months this year, up from 112.6 million yuan a year earlier. Its revenue grew 108% year-on-year to 41 billion yuan in the first quarter.

# BYD Auto # EV # BYD electric cars # BYD # Electric Cars # Auto Industry # Electric Mobility

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