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BYD profit rises 100%, fastest pace in two yrs
Business Standard
|April 26, 2025
BYD's first-quarter profit leapt 100.4 per cent from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war.
Net profit totalled 9.2 billion yuan ($1.26 billion), a stock filing showed on Friday, compared with the company's earlier estimate of 8.5 billion yuan to 10 billion yuan.
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