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Business

BYD profit jumps 380% on strong eco-car sales

BYD's Song, an electric SUV, at the Beijing Auto Show in April

HONG KONG -- Chinese carmaker BYD said Monday its net profit surged about 380% on the year to 2.26 billion yuan ($340 million) in the January-June period, citing brisk sales of electric vehicles and plug-in hybrids on the back of government subsidies to promote green cars.

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