BYD's quarterly profit slides fastest in six years as China sales falter
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BYD's quarterly profit slides fastest in six years as China sales falter
STORY: BYD's quarterly profit fell at its fastest pace since 2020. That's what a stock market filing revealed on Tuesday (April 18). The data showed first-quarter net profit fell just over 55% from a year earlier to $600 million, which was worse than a 38% fall seen in the fourth quarter. Revenue was also down just over 12% in the period to $22 ...
3 weeks ago
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New partnership with BYD: From fall 2025, we will be supplying the Chinese technology company BYD in Szeged/Hungary with high-quality flat steel for car bodies and outer panels directly from Linz. 🚘🔧 The agreement was officially announced today in Vienna. Two technology companies that focus on quality, innovation and sustainable solutions united in a forward-looking cooperation for European vehicle production. 🌎 We look forward to a strong and long-term cooperation. 🤝 | voestalpine
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