Mexican Media Brands
BYD’s Net Profit Triples in First Half of 2019
Chinese electric car specialist BYD Co. doubled its sales of electrified vehicles and tripled its net income in the first half of 2019.
#economics
Share
Chinese electric car specialist BYD Co. doubled its sales of electrified vehicles and tripled its net income in the first half of 2019.
The company says its profit surged to 1.5 billion yuan ($205 million) in January-June from 479 million yuan in the same period last year. Revenue grew 14% to 59.2 billion yuan ($8.4 billion).
BYD’s sales of electrified vehicles climbed 95% to 145,700 cars in the first half, representing a 24% share of China’s overall share of the “new energy” market. Sales of conventional vehicles plunged 45% to 82,400 units.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
All About the 2018 Honda Accord
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.