BYD Posts $4.16B Profit in 2023, 80% Annual Growth Despite Q4 Slowdown
- BYD's 2023 annual profit was $4.16B, slightly below analyst estimates of $4.29B
- Still, BYD saw over 80% rise in net profit last year, continuing strong growth
- Q4 profit rose 18.6%, slowest growth since Q1 2022, likely due to price war
- For 2023, net profit increased 80.7% to $30.04B on 15.1% revenue growth
- BYD sold 3.02M EVs in 2023, including 942K in Q4 to meet annual target of 1.6M BEVs
