Expansion PlansBYD is planning to set up its first India EV factory near Hyderabad, eyes 600K cars yearly by 2032.
Financial PerformanceBYD's 4Q24 net profit came in above estimates at Rmb15,016m, marking a 73% increase year-on-year.
Market PositionBYD's technology leadership and cost advantage played a key role in driving volume growth, and an increase in overseas and premium sales mix will contribute positively to earnings.