
BYD’s quarterly profit surges at fastest pace in nearly two years
BEIJING (Reuters) -BYD’s (BYDDY, BYDDF) first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. Net profit totalled 9.2 billion yuan ($1.26 billion), a stock filing showed on Friday,…