BYD Chairman forecasts falling profit margins in 2024
Teslarati
APRIL 10, 2024
BYD Chairman Wang Chuanfu forecasts falling profit margins in 2024 but remains confident that the company will maintain stable profitability. According to the China Passenger Car Association’s (CPCA) Secretary General Chi Dongshu, China’s auto sector’s profit margins have fallen to 4.3% million EVs , up 14.7% year over year.
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