Expansion PlansBYD is planning to set up its first India EV factory near Hyderabad, aiming for 600K cars yearly by 2032, which could significantly boost their global presence.
Financial PerformanceBYD's 4Q24 net profit exceeded estimates, reaching Rmb15,016m, a 73% increase year-on-year.
Operational EfficiencyEBIT margin improved by 0.9 percentage points year-on-year to 7.2% in 4Q24, thanks to better economies of scale and operational efficiency.