BYD, which is also among the investors of Warren Buffett's
Berkshire Hathaway company, increased its net profit from 808.41 million yuan
to 4.13 billion dollars with a 410.9% increase in the first quarter of 2023.
BYD sold 552,076 vehicles as hybrid and fully electric with its
Dynasty and Ocean brands. Vehicle sales increased by 92.81% compared to the
same period of the previous year.
In 2022, it had sold more than 1.86 million vehicles throughout
the year.