BYD New Energy Vehicle Sales Drop 30 Percent
BYD reported an annual revenue decline of nearly 27 percent, falling to 41.7 billion yuan. Chinese car manufacturer BYD reported a sharp drop in earnings as consumers tightened spending. The company still recorded approximately 600 million dollars in earnings. The report was provided by NPR. Chinese automaker BYD reported earnings of approximately $600 million for the recent period. This figure represents less than half of the earnings reported during the same period the previous year. The decline is attributed to Chinese consumers purchasing fewer vehicles overall. BYD sold just over 700,000 new energy vehicles during the first three months of the year. The company's short-term borrowings increased by more than 70 percent to under US$10 billion by the end of March. BYD stated it is shifting focus toward higher margin premium pricing amid increasing domestic competition.
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Sources · 7 independent
“按年跌了近兩成七 去到41億7千萬元人民幣 解釋主要受到外匯波動的影響”
“不是像電動車一樣,動不動幾十倍 同你按年跌了近兩成七 去到41億7千萬元人民幣”
“動不動幾十倍 同你按年跌了近兩成七 去到41億7千萬元人民幣 解釋主要受到外匯波動的影響”
“One of China's largest car companies is reporting a sharp drop in earnings with consumers having tightened their spending. Here's NPR's Emily Fang. The car company BYD still made about 600 million dollars.”
“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.”
“BYD sold just over 700,000 new energy vehicles in the first three months of the year. That's a 30% drop on year.”
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