Chinese EV giant BYD Q4 profit leaps 73% to record $2.1bn

Automaker tops Volkswagen to lead China's car sales in 2024

20250324 BYD logo

BYD's profit rose 34% to a record 40.3 billion yuan with revenue up 29% in 2024. © Reuters

BEIJING (Reuters) -- Chinese electric vehicle maker BYD's net profit leapt 73.1% in the fourth quarter of 2024 to a record 15 billion yuan ($2.1 billion), it said on Monday, reaping the rewards of lower prices and higher sales than rivals.

Fourth-quarter revenue was up 52.7% at 274.9 billion yuan, the company said in a stock market filing.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.