Shares of China’s BYD jump after EV maker posts 200% rise in H1 profit


A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England.

John Keeble | Getty Images News | Getty Images

Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half profit.

Thanks to record deliveries, the Chinese electric car maker on Monday posted a 204.68% jump in net profit for the first half of the year — that’s net earnings of 10.95 billion yuan ($1.50 billion) in the January to June period, compared to 3.59 billion yuan a year earlier.

Hong-Kong listed shares of the automaker rose 5.6% while stocks in Shenzhen were up as much as…

Source cnbc.com

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