business / news / / NDTV Profit
Net income fell 55% to 4.08 billion yuan ($597 million) in the three months ended March 31.
BYD's quarterly profit dropped 55% to its lowest level in over three years.
KEY POINTS
- Overseas sales surged 50% in Q1, now making up 45% of BYD's deliveries.
- BYD received over 30,000 pre-orders in 24 hours for its new Great Tang SUV.
- The new Great Tang SUV features BYD's latest blade battery with a 1,000-kilometer range.
- BYD's Q1 discounts reached their highest level in two years, eroding per-car profit.
COMPANIES
Summarized by Newsio from NDTV Profit. How we summarize →