PCBmanufacturerChina:BYD expects tripled first-half profit on surge in new energy vehicle sales!
PCBmanufacturerChina learned that,Jul 18 -- Chinese EV manufacturer BYD expects its profit to have as much as tripled in the first half of the year, mainly due to strong new energy vehicle sales, reported Yicai Global on July 17.
Net profit likely soared 192 percent to 225 percent to between RMB10.5 billion and RMB11.7 billion ($1.5 billion and $1.6 billion) in the six months ended June 30 from a year earlier, the Shenzhen-based company announced on July 14.
FPCsupplier learned that,BYD attributed the gain to a rising share of sales to major clients, growth in its emerging businesses such as NEVs and new smart products, higher capacity use, further improvements at the structure of its smartphone component and assembly business, without giving details.
BYD sold 253,000 cars last month, up 88 percent from a year earlier, the company said.In the first half, sales reached 1.3 million, up more than 94 percent from the same period last year.Overseas sales rose 96 percent to 74,300.
The company had a 10.6 percent share of China’s auto market and 33.5 percent of NEV market in the country in the first six months of the year, according to data from the China Association of Automobile Manufacturers.
AutomotivePCB learned that,Vice President Lian Yubo will step down to become BYD’s new chief scientist, it said in the same statement.At the same time, Lian will continue to hold the positions of chief auto engineer and head of BYD’s auto engineering research center, focusing on NEV technology development, according to the Yicai Global report.
Other news about S&L
- Celebrating the Establishment of SUNLYNN CIRCUITS(THAILAND)
- Good News! Sun&Lynn Circuits Co.,Ltd. is honored as one of the Top 100 Innovative Enterprises in Bao
- What Should You Know about Metal Core PCB
- FPC supplier : the types of Flexible PCB
- PCB manufacturer China:Why PCB board snake line, what is it used for?
- What is Metal Core PCB and types of Metal Core PCB?
- Why are High frequency PCBs much more expensive than normal PCBs?
- Flexible PCB supplier China :When to use flexible PCB?
- Flexible PCB manufacturer:What Is Flex Soldering?
- What Is Automotive PCB? Why we use automotive PCB?
Your browsing history
- High Volume Health care PCB Assembly Benefits
- FPC supplier:What is solder ball defect?
- What is a 4-Layer PCB Stackup
- PCB manufacturer China tells you the shelf life of finished PCB
- BYD awarded S&L as excellent PCB supplier of continuous improvement
- FPC manufacturer:Fatigue Analysis and Optimization of Flexible Printed Circuits
- FPC manufacturer:Application advantages and development prospects of FPC
- PCB manufacturer China:Solder paste composition
- FPC manufacturer:Huawei responded by allowing U.S. companies to work with it to develop 5G network s
- FPC supplier:What Is A Touch Screen FPC?
A total of -comments【I want to comment】