Tag: profit
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BYD unfazed by Tesla price cut, reports massive profit increase in Q4
BYD, a Chinese auto giant, has been making waves in the Electric vehicle (EV) industry with its recent success. The company reported a dramatic 11-fold increase in its Q4 net profit year over year, outshining even Tesla’s recent price cut. BYD’s net profit for Q4 2022 was $1.06 billion, up from $87.4 million during Q4 […]