BYD Company (1211.HK)

BYD (1211.HK) announced its interim results, with revenue increasing by 72.72% year-on-year to RMB 260.12 billion, and profit attributable to shareholders being RMB 10.95 billion, an increase of 204.68% year-on-year. Furthermore, BYD's
sales of new energy vehicles from January to July increased by 88.81% year-on-year to 1,517,798 units. Both the results and car sales far exceeded market expectations. According to the China Association of Automobile Manufacturers,
the sales of new energy vehicles only increased by 41.7% year-on-year, proving that BYD is occupying a larger share of China's new energy vehicle market, and the gap between other new energy vehicle brands and BYD is being widened.
Currently, BYD's market share in the new energy vehicle market has reached 33.5%.