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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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By Reuters

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1 mins read

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Published on April 28, 2021

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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.

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