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CnEVPost Newsletter: BYD earnings; Nio's new partnership
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CnEVPost Newsletter: BYD earnings; Nio's new partnership

Oct 30, 2023
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CnEVPost Newsletter: BYD earnings; Nio's new partnership
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BYD posts record Q3 net profit, gross margin hits 2-year high

BYD reported a record net profit of RMB 10.41 billion in the third quarter, up 52.59 percent from the second quarter. Gross margin for the third quarter was 22.12 percent, a record high since the third quarter of 2020.

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