BYD SHOCKS MARKET WITH EXPLOSIVE 205% PROFIT SURGE |
? BYD Company (BYD) Profits on Steroids: Chinese EV maker’s first-half net profit zapped up ~205% due to a delivery spree, jumping from 3.6B to 10.95B yuan. Shares of BYD rose over 5% on the news.
? Tesla (TSLA) Who? The little voice in the corner says, “Step aside, Tesla.” BYD aims for mass-market glory, scores spectacular Q2 sales, outpacing Tesla’s quarterly global deliveries. Operating margins glow healthily, unlike some EV peers.
? BYD charges ahead in the race to electrify China, carving its niche where Tesla can’t tread. Price wars erupt, but BYD’s zesty strategy embraces discounts to win the race and collect EV money. Beware, Tesla—BYD’s wheeling in its mass-market artillery! |