China's EV giant BYD misses Q1 revenue estimates

Shanghai (AFP) April 29, 2024

Major Chinese electric carmaker BYD reported lower-than-expected revenue for the first quarter of 2024 on Monday, as an aggressive domestic price war and Western regulatory pressure weighed on the company's growth. BYD posted an operating revenue of 124.94 billion yuan ($17.25 billion) for the first three months of the year, up 3.97 percent from a year ago, according to a stock exchange fili