GUANGZHOU -- BYD, China's leading producer of electric cars, saw first-quarter sales of new-energy vehicles more than double, outpacing the overall expansion of the domestic market.
The automaker took in a net profit of 749.7 million yuan ($111 million) for the three months ended in March, up more than sevenfold from a year earlier, the company said Sunday. Revenue rose 22.5% to 30.3 billion yuan.
