China’s BYD Forecasts Profit To Rise As Much As 86% For 2023

Chinese electric vehicle giant BYD said on Monday it expects net profit in 2023 to rise by as much as 86.5 per cent on the previous year, thanks to growth in overseas sales and cost cutting.

BYD forecast net profit for last year at between 29-31 billion yuan ($4.04-4.32 billion), an increase of 74.46-86.49 per cent from a year earlier, it said in a Shenzhen Stock Exchange filing.


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