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BYD posts US$1.2 billion net profit in Q2, up 30% YoY, ending five-quarter losing streak
China's electric vehicle (EV) giant BYD reported a net income of 8.2 billion yuan (US$1.2 billion) for the second quarter (April to June), marking a 30% year-on-year increase and ending a five-quarter losing streak. The performance was driven by buoyant overseas sales and premium models, which enhanced its net margin and profitability, also beating a consensus estimate of 8 billion yuan.
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