The Chinese manufacturer’s profits soared 80% as Beijing condemned Washington’s “discriminatory” measures.
Bullets can be fired between China, the United States and the European Union over subsidies “ Inappropriate » Paid by everyone to support their automobile industry, no matter what. Chinese manufacturer BYD continues to roll out its road plans and blow up counters.
The Chinese giant, which overtook Tesla as the world’s number one in electric cars in the last quarter of 2023, reported a net profit of 30.04 billion yuan (3.83 billion euros) in 2023, compared with 16.6 billion yuan a year earlier. That’s a growth of 80.7%!
Last year, turnover of Tesla’s new rival rose 42% to 602.3 billion yuan (76.8 billion euros). It has sold over 3 million “ New energy vehicles » (NEV), 100% electric cars and plug-in hybrids, of which 242,765 were exported. “ In the 70’s the country », the group boasts. A start.
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