By Yi Wei Wong
BYD Co.'s net profit surged in the first half of the year as it executed a market expansion strategy.
The Chinese company said late Friday that net profit rose to 2.47 billion yuan ($359.8 million) compared with CNY575.20 million in the same period last year.
Revenue climbed to CNY31.39 billion from CNY23.28 billion.
BYD said it will focus on expanding its 5G products and Internet of Things solutions in the second half.
Write to Yi Wei Wong at firstname.lastname@example.org