BYD: Q3 2024, New Model Momentum And Supportive Policies Driving Growth

BYD ( OTCPK:BYDDF ) reported 3Q24 results that were largely within consensus expectations. The net profit increased 11% to RMB 11.6bn, the highest quarterly net profit since its inception. The topline revenue of RMB 201bn grew by +24% y/y, surpassing that of Tesla (Astrada Advisors delivers actionable recommendations that enhance portfolio performance and uncover alpha opportunities, supported by a strong track record in investment research at leading global investment banks. With expertise spanning technol ...