Chinese EV giant BYD reports 55 percent drop in first quarter net profit - Latest News

Hürriyet Daily News

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Chinese electric vehicle maker BYD recorded a 55 percent decline in first-quarter net profit, a Hong Kong stock filing showed on Tuesday, as weaker domestic demand added to pressure from cutthroat competition.The Shenzhen-based EV and battery giant achieved a profit of 4.08 billion yuan ($598 millio