The fast-rising Chinese automotive brand BYD continued its play for global new energy vehicle (NEV) leadership in Q2 2024. The automaker reported a net income of CN¥9.06bn (US$1.28bn) for the quarter, its second highest on record behind CN¥10.4bn in Q3 2023. This sum represents a 32.8% rise year-on-year and a 98.3% increase on the previous quarter.
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