BEIJING, March 26 (Reuters) - Chinese electric vehicle
giant BYD reported an 18.6% rise in fourth-quarter
profit on Tuesday, its slowest since the first quarter of 2022,
as EV sales lost momentum in the world's biggest auto market
amid a brutal price war.
Net profit totalled 8.67 billion yuan ($1.20 billion) in the
fourth quarter, on a 15.1% jump in revenue to 180.04 billion
yuan, according to BYD's stock market filing.
For the whole of 2023, BYD saw net profit increase 80.7% to
30.04 billion yuan.
($1 = 7.2182 Chinese yuan renminbi)