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China’s EV maker BYD profit triples as electric car boom continues


Chinese electric car maker BYD Co Ltd, backed by US investor Warren Buffett and whose products include battery electric and plug-in hybrid vehicles, saw profit surge 203.6 per cent year-on-year in the first half of the year.

The Shenzhen-based carmaker posted net profit of 1.45 billion yuan ($205.29 million), up from 479.10 million yuan a year earlier. Its revenue rose 14.8% to 62.18 billion yuan from 54.15 billion.

BYD . . .

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