Australian Mines LTD (AMSLF)

[GetRich902902]

China's electric car boom continues

Chinese electric car maker BYD Co Ltd posted a 203.6% rise in first-half profit on Wednesday, as China's new energy vehicle market continues to surge.

The Shenzhen-based company, which is backed by U.S. investor Warren Buffett and whose products include battery electric and plug-in hybrid vehicles, posted net profit of 1.45 billion yuan ($205.29 million), up from 479.10 million yuan a year earlier.

BYD sold 145,653 so-called new energy vehicles (NEVs) between January and June, up 94.5% from a year earlier.

There is no let up in sight for EV adoption. This is good news for Australian Mines LTD (AMSLF).


https://wincountry.com/news/articles/2019/aug/21/byds-profit-triples-as-chinas-electric-car-boom-continues/929519/