China Electric Vehicle Leader BYD Reports 29% Drop In 1st Half Profit Amid Rising Costs
Wang Chuanfu, BYD’s founder and chairman. Photographer: Billy H.C. Kwok/Bloomberg
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Net profit in the first six months of the year at BYD, Chinas biggest maker of electric vehicles, fell by 29% to 1.17 billion yuan, or $180 million,…
