Chinese EV maker BYD said on Monday that its third-quarter net profit will be more than triple compared to the same period in 2021 at between RMB 5.5 billion and RMB 5.9 billion ($760 million to $820 million), despite a challenging economic situation, Covid-19 rebound, and soaring prices of key components. Such figures would see profit at the Warren Buffett-backed company grow 272.5% annually and total at least RMB 9.1 billion for the first nine months of 2022, with the Chinese auto giant delivering a record 1.18 million EVs over the period. Shares of BYD rose 6% to HK$ 204.6 ($26.06) in morning trading on Tuesday in Hong Kong following the news. [BYD release, in Chinese]
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here