BYD reports surging net profits in 2022
Xinhua
29 Mar 2023, 02:44 GMT+10
SHENZHEN, March 28 (Xinhua) -- China's leading new energy vehicle (NEV) manufacturer BYD Company Limited on Tuesday reported surges in both revenue and net profits in 2022.
Its net profits stood at 16.62 billion yuan (about 2.4 billion U.S. dollars), up 445.86 percent year on year, according to the company's annual report.
Its revenue soared 96.2 percent to roughly 424 billion yuan last year.
Sales of automobiles and auto products saw strong year-on-year growth in 2022, driving a significant improvement in earnings, according to the company.
The report said BYD ranked first in global NEV sales in 2022. The company had a domestic NEV market share of 27 percent last year, up nearly 10 percentage points from 2021.
In 2022, BYD accelerated the development of its overseas markets, with its new energy passenger cars entering markets like Australia, Japan and Brazil.
Subscribe and Follow
Get a daily dose of San Francisco Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Francisco Star.
More Information
60
℉
Phillies put 5-game win streak on line vs. hot-hitting Dodgers
The Los Angeles Dodgers take a red-hot offense into a three-game road series against the Philadelphia Phillies, but their leaky ...
After smoky day off, Diamondbacks head for Detroit
The streaking Arizona Diamondbacks got an unscheduled break on Thursday. They'll get back into action when they visit Detroit for ...
Best in majors: Rays, Rangers begin showdown
After completing a series sweep of the top team in the American League Central, the Tampa Bay Rays open a ...
CARD8 helps human immune system respond to viruses like Covid 19: Study
Washington [US], June 9 (ANI): Molecular sensors that form the so-called inflammasome help activate inflammatory responses to pathogens. A new ...
Jo Adell homers in season debut as Angels sweep Cubs
Jo Adell homered in his first game of the season and Reid Detmers pitched 5 2/3 strong innings to lead ...
Texas native Brittney Griner, Mercury take another shot at Wings
Brittney Griner and the Phoenix Mercury will attempt once again to win a game in her Texas homecoming when they ...
US to get tough as drone disrupts Pittsburgh airport
WASHINGTON D.C.: The Federal Aviation Administration has said that a drone sighting disrupted some flights at Pittsburgh International Airport this ...
New Oregon gun law being challenged in court case
PORTLAND, Oregon: A federal trial has begun in Portland, Oregon examining the constitutionality of a stringent gun control law approved ...
After removing Columbus statue, Philadelphia sued for return
PHILADELPHIA, Pennsylvania: Philadelphia Mayor Jim Kenney and members of the city's historical commission have been sued by a group which ...
Area evacuated as wildfire burns thru Michigan
LANSING, Michigan: Michigan's Department of Natural Resources said by a wildfire in the state has burned through more than 3 ...
Official: airlines industry acting to prevent cancellations
ISTANBUL, Turkey: In an interview with Reuters, Willie Walsh, director-general of the International Air Transport Association, (IATA), said airlines are ...
Protesting Texans send migrants to California
SACRAMENTO, California: Sixteen migrants from Venezuela and Colombia, who had entered the United States through Texas, were transported to California ...
