BYD
BYD posts record Q3 net profit, gross margin hits 3-year high
BYD reported a record net profit of RMB 10.41 billion in the third quarter, up 52.59 percent from the second quarter. Gross margin for the third quarter was 22.12 percent, a record high since the third quarter of 2020.
BYD's Fang Cheng Bao brand starts trial operations of 1st 70 directly-managed stores
Fang Cheng Bao started the pre-sale of its first model, the Bao 5, in August, with a pre-sale price range of RMB 300,000 - RMB 400,000.
BYD showcases 5 models at Tokyo auto show, Yangwang U8 makes overseas debut
BYD has become the first Chinese automaker to participate in the Tokyo auto show, with the ultra-luxury Yangwang U8 making its overseas debut and demonstrating its tank turn feature.
California Governor Gavin Newsom lauds BYD's technology after experiencing Yangwang U8 in Shenzhen
"This is another leap in the technology, I mean, next level leap," Newsom said after experiencing the tank turn feature of the Yangwang U8 in Shenzhen.
BYD's ultra-luxury Yangwang U8 has over 30,000 orders, report says
BYD's Yangwang U8, which costs more than RMB 1 million, has gone into production with over 30,000 orders, according to a local media report.
BYD launches Dolphin, Seal and Atto 3 in Hungary
BYD has entered 19 European countries since announcing its entry into the European passenger car market at the Paris auto show in 2022.
BYD averages about $1,440 in profit per vehicle in Q3
BYD's average profit per vehicle improved by about RMB 2,700 in the third quarter from the second quarter, driven primarily by scale advantage, analysts said.
BYD expects Q3 net profit to rise as much as 69% from Q2
BYD expects its net profit for the first three quarters to be RMB 20.5 billion - RMB 22.5 billion, up 120.16 percent - 141.64 percent year-on-year.
BYD launches Dolphin and Seal in Finland
The Dolphin and Seal will be available immediately at BYD stores, while the Atto 3, Han, and Tang have previously been available to Finnish customers.
BYD launches Seal electric sedan in Macau
The Seal is BYD's third model to be launched in Macau after the Atto 3 and Dolphin.