BYD, China’s leading electric vehicle manufacturer, announced its financial results for the first half of 2024, and achieved great success in this period. The company achieved a revenue of $ 1.91 billion in the first six months of 2024, a 15.76 percent increase on an annual basis. It achieved a 24.44 percent increase in net profit.

BYD increased its net profit by 24.44 percent in the first half of 2024, reaching $1.91 billion

BYD’s success is largely driven by its strong performance in electric vehicle production. The company’s core businesses include electric vehicles, mobile phone components and assembly, rechargeable batteries and solar energy systems.

In particular, revenue from electric vehicles and related products accounted for 75.82 percent of total revenue. Revenue from other products, such as mobile phone components and assembly, increased by 42.45 percent to $1.2 billion.

According to the data of the China Automotive Manufacturers Association, in the first half of 2024, BYD maintained its leadership in electric vehicle sales in the Chinese market and ranked first globally. With this success, it was reported that BYD has strengthened its strong position in the electric vehicle market not only in China but also worldwide.

BYD’s impressive performance demonstrates the company’s determination to continue its leadership in the electric vehicle and technology space in the future. What do you think? Write your opinions in the comments section below.