BYD Co., Ltd., a leading manufacturer of electric vehicles and a major player in the global new energy vehicle market, released its impressive annual report for 2023 on March 26th. The company achieved significant growth across key financial metrics, listed below:
The net profit of shareholders increased by a whopping 80.72%
Financial Highlights:
- Operating income reached 602.315 billion yuan, a substantial increase of 42.04% year-over-year.
- Net profit attributable to shareholders of listed companies surged by 80.72% to 30.041 billion yuan.
- Basic earnings per share climbed to 10.32 yuan.
- The company plans to distribute a cash dividend of 30.96 yuan to all shareholders for every 10 shares.
BYD maintained its position as the global leader in new energy vehicle sales in 2023, delivering a staggering 3.02 million vehicles. This achievement further cements the company’s dominance in the rapidly growing electric vehicle market and places it among the top ten global automakers overall.
BYD has consistently pushed boundaries in electric vehicle technology and affordability. Following the successful launch of the Champion Edition model last year, which offered “the same price for petrol and electricity,” BYD introduced the Honor Edition model in February 2024. This new model is taking electric vehicle affordability a step further, where “electricity is cheaper than petrol.”
Furthermore, on March 25th, BYD achieved another remarkable milestone, becoming the first automaker in the world to produce its 7 millionth new energy vehicle. BYD Co., Ltd. is a multinational technology company headquartered in Shenzhen, China. Founded in 1995, the company initially focused on battery production before expanding into electric vehicles, electronics, and other sustainable technologies. BYD is now a global leader in electric vehicle manufacturing, offering a wide range of passenger cars, buses, trucks, and commercial vehicles. The company’s dedication to research and development has clearly positioned it among the big names of the electric vehicle market.
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(Via)
