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BYD’s profit soared 80% in the year the Chinese EV giant overtook Tesla
BYD Posts Over 80% Year-on-Year Increase in Profit Amidst Global Economic Challenges BYD, the Shenzhen-based Chinese automaker, reported a significant leap in profitability for its fiscal year 2023, marking the first full financial report since it surpassed Tesla to become the world’s leading electric vehicle (EV) seller. The company announced a net profit of 30…