Chinese EV giant BYD says it expects 2022 profit to surge five-fold

Chinese EV giant BYD says it expects 2022 profit to surge five-fold

FILE PHOTO: The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe/

China’s BYD Co, the world’s biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, expects its 2022 net profit to be more than five times the amount it booked a year earlier, it said on Monday.