China's BYD posts 11.5% rise in Q3 net profit

Reuters
30 Oct 2024

BEIJING, Oct 30 (Reuters) - Chinese electric vehicle maker BYD recorded a 11.5% rise in third-quarter net profit on Wednesday, as it maintained strong sales momentum helped by government trade-in incentives.

Net profit rose to 11.6 billion yuan ($1.63 billion) in the July-September quarter, while revenue grew by 24% from a year earlier to 201.1 billion yuan, the company said in a stock exchange filing.

For the first nine months, net profit was up 18.1% to 25.2 billion yuan.

($1 = 7.1215 Chinese yuan renminbi)

(Reporting by Qiaoyi Li, Zhang Yan and Kevin Krolicki; editing by Jason Neely)

((qiaoyi.li@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10