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China's BYD posted its weakest quarterly profit growth since 2022 while revenue growth also slowed to its lowest level in almost four years. The electric vehicle maker was hit by slowing demand and a price war in the world's largest auto market https://t.co/dzd2h55a5s https://t.co/MLxFOshmFI
WATCH: Chinese electric vehicle maker BYD posted its weakest quarterly profit growth since 2022, while its revenue growth slowed to the lowest level in nearly four years https://t.co/JwfuGfbYtd https://t.co/AlGYUKzD6m
Chinese electric vehicle maker BYD posted its weakest quarterly profit growth since 2022, while its revenue growth slowed to the lowest level in nearly four years https://t.co/dzd2h54CfU https://t.co/QWTprnxeF9
Chinese electric vehicle manufacturer BYD reported a significant slowdown in its first-quarter financial performance, marking its weakest quarterly profit growth since 2022. The company's revenue growth also decelerated to the lowest level in nearly four years. This downturn is attributed to aggressive price cuts across most of its lineup, which have eroded profit margins. The price reductions were part of a broader price war in the world's largest auto market, further compounded by a slowdown in demand.
