Buffett-backed BYD's profit surges as electric-car sales recover1 min read . Updated: 01 Nov 2020, 10:51 AM IST
- New BYD models are helping it compete for EV market leadership in China, with rivals such as Tesla and NIO also seeing sales rise.
BYD Co. third-quarter earnings surged, with the Warren Buffett-backed automaker benefiting from recovering electric-car demand in China and surging sales at its new face-mask business.
Shares of BYD have more than quadrupled this year to a record, making it China’s largest carmaker by market value.
This story has been published from a wire agency feed without modifications to the text.