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Annual net profit of Chinese EV giant BYD up 446% – EQ Mag

BEIJING: Chinese battery and electric vehicle manufacturer BYD announced Tuesday a net profit in 2022 of 16.6 billion yuan ($2.4 billion), up 446 percent year-on-year. China, the world’s largest overall producer of greenhouse gases, plans for domestic car sales to be mainly made up of electric and hybrid vehicles by 2035. The result is in […]

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