BEIJING: Chinese battery and automotive giant BYD achieved a record profit in 2023, annual results showed on Tuesday, despite fierce competition in the country as demand for electric vehicles (EVs) grows.

The Shenzhen-based company is now moving quickly overseas including into countries in Southeast Asia but also further afield in Latin America and Europe as a price war continues to be waged in China, the world's largest automotive market.

Register to read this story and more for free.

Signing up for an account helps us improve your browsing experience.



See our subscription options.

Already have an account? Log in here