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.
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Highlights
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.
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