Automotive Mar 30, 2021 05:31 PM (GMT+8) · EqualOcean
BYD reported a net profit of USD 643.75 million in 2020, with sales falling 22.6% to CNY156.6 billion. Analysts were expecting better business figures for both stocks. The company sold 7.5% fewer vehicles last year (426,972 vehicles). But the increase in profit comes from BYD becoming a major mask maker amid the COVID-19 pandemic. At present, the mixed strategy of gasoline and electric cars is not working satisfactorily for them. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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