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Birthday : 08/30/1930
Place of birth : Omaha (Omaha) - United States
Biography : Warren Edward Buffett is an American businessperson who has been at the head of 6 different companie

Buffett-backed EV maker BYD's profit grew 111% in first-quarter

04/28/2021 | 08:05am EDT
FILE PHOTO: Man cycles past an entrance to the headquarters of Chinese electric car maker BYD in Shenzhen

BEIJING (Reuters) - Chinese electric vehicle maker BYD Co Ltd, which is backed by U.S. investor Warren Buffett, on Wednesday reported growth of 110.7% in first-quarter net profit.

BYD reported 237.4 million yuan ($36.61 million) net profit in the first three months this year, up from 112.6 million yuan a year earlier. Its revenue grew 108% year-on-year to 41 billion yuan in the first quarter.

(Reporting by Yilei Sun and Tony Munroe, editing by Louise Heavens)

© Reuters 2021
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