Automakers

BYD profit leaps on demand for electrified vehicles

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By:
Yilei Sun and Brenda Goh
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By:
Reuters
|
April 29, 2019 08:38 AM

BEIJING -- Chinese electric-vehicle maker BYD, backed by U.S. investor Warren Buffett, reported a 632 percent jump in its first-quarter net profit, buoyed by strong demand for its new energy vehicles.

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