BYD becomes world’s top EV maker

Tesla delivered more cars than expected in the fourth quarter, although that is not enough for the Elon Musk-led company to stay ahead of global electric vehicle sales over China's BYD. Tesla delivered 484,507 vehicles in the past three months, beating analysts' average estimate of 483,173 deliveri...

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Chinese carmaker BYD buys US firm Jabil's mobility business for USD 2.2 bn

Electric vehicle maker BYD Co Ltd said on Monday that its unit struck a deal with the Singaporean division of US-based Jabil Inc firm to buy its mobility business in China for 15.8 billion yuan (USD 2.17 billion). The deal will expand BYD Electronic (International) CO's customer base, product portf...

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Annual net profit of Chinese EV giant BYD up 446%

Chinese electric vehicle and battery maker BYD reported a 2022 net profit of 16.6 billion yuan ($2.4 billion) on Tuesday, up 446% from the previous year. China, the world's largest overall producer of greenhouse gases, plans for domestic car sales to be mainly made up of electric and hybrid cars by...

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