BYD’s earnings growth slows sharply as China price war bites
比亚迪上半年盈利增长大幅放缓
China’s largest electric vehicle maker BYD reported a sharp slowdown in earnings growth for the first half of 2024, as a prolonged price war has hit companies in the world’s largest car market.
中国最大电动汽车制造商比亚迪(BYD)报告2024年上半年盈利增长大幅放缓，原因是全球最大汽车市场上旷日持久的价格战打击了中国车企的利润。
Net profits for the six months to June 30 were Rmb13.6bn ($1.9bn), up 24 per cent from a year earlier, the company said in a stock exchange filing on Wednesday. That compared with a threefold surge in first-half profits in 2023.
该公司在周三提交给证交所的文件中表示，在截至6月30日的6个月里，净利润为136亿元人民币（合19亿美元），同比增长24%。相比之下，2023年上半年利润同比增长两倍。
