Chinese EV maker BYD posts 33% profit rise, revenue up 26% in Q2

Chinese EV maker BYD posts 33% profit rise, revenue up 26% in Q2

The BYD EV cars are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. REUTERS/Chalinee Thirasupa/File Photo

Chinese electric vehicle maker BYD reported a 32.8% rise in second-quarter net profit on Wednesday, its fastest growth since end-2023, despite faltering spending on big-ticket items in the world’s largest automobile market.