China's BYD forecasts 2023 net profit to rise as much as 86.5% y/y

China's BYD forecasts 2023 net profit to rise as much as 86.5% y/y

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Chinese electric vehicle (EV) giant BYD said on Monday it expects net profit in 2023 to have risen by as much as 86.5% on the previous year, buoyed by strong sales and cost cuts. BYD forecast net profit for last year between 29 billion and 31 billion yuan ($4.04-4.32 billion), an increase of…

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