BYD doubles profit, strengthens hold on EV market as Tesla struggles
BYD aims to export 800,000 vehicles this year, to rely less on the Chinese market. /BYD
Chinese electric vehicle giant BYD extended its lead in the global EV race with a record-setting first-quarter profit. The carmaker solidified its dominance at home while advancing its global ambitions. But over in Europe, the brand shifted strategy as it struggled with its dealership footprint.
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