China’s BYD sees first profit drop since 2021, even as the Tesla-rival takes global EV crown

HONG KONG (AP) — Chinese automaker BYD said Friday its annual sales rose to a record $116 billion, outpacing Tesla’s, but its profit fell for the first time since 2021 under pressure from cutthroat competition. BYD, the largest electric vehicle maker, has been expanding into global markets includin...

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