SHENZHEN, March 28 (Xinhua) — China’s main new vitality automobile (NEV) producer BYD Company Limited on Tuesday reported surges in each income and internet earnings in 2022.
Its internet earnings stood at 16.62 billion yuan (about 2.4 billion U.S. {dollars}), up 445.86 p.c 12 months on 12 months, in accordance with the corporate’s annual report.
Its income soared 96.2 p.c to roughly 424 billion yuan final 12 months.
Sales of vehicles and auto merchandise noticed sturdy year-on-year progress in 2022, driving a major enchancment in earnings, in accordance with the corporate.
The report mentioned BYD ranked first in international NEV gross sales in 2022. The firm had a home NEV market share of 27 p.c final 12 months, up almost 10 share factors from 2021.
In 2022, BYD accelerated the event of its abroad markets, with its new vitality passenger vehicles getting into markets like Australia, Japan and Brazil.