Source: Reuters (via feed)
Chinese electric vehicle maker BYD, the largest by sales in China, posted its first annual profit decline in four years. The company reported the profit drop on Friday. This decrease was linked to weak sales in the world’s largest automobile market.
BYD is a leading company in China’s electric vehicle sector by sales volume. The company’s annual profit decline comes amid slowing auto sales. No additional details on figures or further causes were provided.
BizTrendWire Insight:
BYD’s profit decline occurred alongside weak sales in the automotive market. This report provides data on the company’s recent financial performance.
BYD’s profit decline occurred alongside weak sales in the automotive market. This report provides data on the company’s recent financial performance.
