Electric vehicle manufacturer BYD has reported its first profit increase in five quarters, driven by a surge in demand for its products overseas. The company’s overseas sales have played a key role in reversing a period of declining profitability, as global markets show growing appetite for its vehicles. Analysts suggest the shift toward export markets may signal broader industry trends favoring international expansion. The turnaround comes amid ongoing challenges in domestic markets, where competition remains fierce.
BYD profits rise for first time in five quarters on export boost Financial Times
