BYD’s First-Half Net Income Triples to Top End of Forecast

(Bloomberg) — BYD Co.’s net income rose to the top end of guidance it gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.

Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.