BYD powers through China's price war to post soaring profit

BYD Seagull side — BYD offers vehicles in almost all price categories starting from the Seagull hatchback, which costs just 73,800 yuan ($10,658.89) in China. (DOUGLAS A. BOLDUC)

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By:

Bloomberg

August 29, 2023 07:36 AM

China’s biggest-selling auto brand withstood a raging price war that engulfed the country this year, with BYD posting second-quarter profit that surged 145 percent.

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