BYD’s earnings have turned positive for the first time in five quarters, driven by a surge in overseas demand. The Chinese electric vehicle manufacturer’s shift toward international markets appears to be paying off amid weakening domestic sales. Analysts cite strong export performance as the key factor behind the company’s improved financial results. The development highlights growing competition in the global EV sector as automakers seek new revenue streams.
BYD Profit Rises for First Time in Five Quarters on Exports Bloomberg.com
