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30 Jan

BYD entries Rwanda market amid overseas expansion, rising profits

Chinese automaker BYD forecasts over 70% increase in its net profit in 2023, as it continues to announce its international expansion. Rwanda is the latest market the carmaker is introducing its battery electric Atto 3 to, Kallanish reports. The company expects a net profit of CNY 2.9 billion ($408 million) to CNY 3.1 billion, an on-year increase of 74.5-86.5%, having boosted its EV sales to over 3 million units last year. In addition to overseas sales growt…
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