BYD Quarterly Profits Drop Over 50%
Chinese car manufacturer BYD reported approximately $600 million in profits, which is less than half of its earnings from the same period last year. Industry association data shows April car sales in China dropped about 25% compared to the previous year.
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Sources · 7 independent
WBUR Boston
“The car company BYD still made about $600 million, but that's less than half of what they made in the same period the year before.”
KQED FM
“One of China's biggest car companies, BYD, says its profits from this quarter dropped by more than 50% as Chinese consumers tightened their spending.”
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