BREAKING NEWS
This content is not available in your region

Buffett-backed EV maker BYD's profit grew 111% in first-quarter

Access to the comments Comments
Buffett-backed EV maker BYD's profit grew 111% in first-quarter
Buffett-backed EV maker BYD's profit grew 111% in first-quarter   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
Text size Aa Aa

BEIJING (Reuters) – Chinese electric vehicle maker BYD Co Ltd, which is backed by U.S. investor Warren Buffett, on Wednesday reported growth of 110.7% in first-quarter net profit.

BYD reported 237.4 million yuan ($36.61 million) net profit in the first three months this year, up from 112.6 million yuan a year earlier. Its revenue grew 108% year-on-year to 41 billion yuan in the first quarter.

(Reporting by Yilei Sun and Tony Munroe, editing by Louise Heavens)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.