BYD records RM10.6 billion net profit in 2022, up 403% from 2021; targets sales of 3.6 million units for 2023
Chinese manufacturer BYD has released its financial report for 2022, revealing that it has reached US$61.4 billion in operating income last year, and achieved a net profit of US$ 2.4 billion , which is an increase of 403% over its net profit in 2021,The carmaker sold 1.85 million vehicles in 2022, of which nearly half were fully electric vehicles and 50.5% were plug-in hybrid vehicles; BYDin April last year.
BYD founder and CEO Wang Chuanfu announced that the manufacturer it certain that it would sell three million new energy vehicles in 2023, however it aims to sell 3.6 million units this year, which would double the sales volume it achieved in 2022. Should BYD succeed in doing so, it will become the top-selling Chinese automaker by the end of this year,After BYD’s first objective of selling 3.
The Seagull is the latest to emerge from BYD; the company plans to sell 10,000 units of the Denza D9 and Denza N7 each this year Plans for the Denza brand were also revealed, and the company plans to sell 20,000 units a month, evenly split between the