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Chinese EV giant BYD's fourth-quarter profit leaps 73%

Chinese EV giant BYD's fourth-quarter profit leaps 73%

FILE PHOTO: The logo of the Chinese electric car brand BYD is pictured in Mexico City, Mexico, March 3, 2025. REUTERS/Quetzalli Nicte-Ha/File Photo

Chinese electric vehicle maker BYD’s net profit leapt 73.1% in the fourth quarter of 2024 to a record 15 billion yuan ($2.1 billion), it said on Monday, reaping the rewards of lower prices and higher sales than rivals.

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