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BYD’s earnings growth slows sharply as China price war bites

BYD’s earnings growth slows sharply as China price war bites

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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. 

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…


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