started earlier in the year. Indeed, calculations reveal that BYD has launched updated versions of eight of its vehicles since February and the prices of them are 4-25% lower than the old versions. BYD’s gross profit margin in the second quarter hit 18.73%, a slight increase from the 17.86% of the first quarter.
BYD built its 5 millionth new energy vehicle in the second week of August. It reached this milestone just nine months after it built its 3 millionth NEV. The brand currently sells its passenger NEVs in 54 countries.
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