Warren Buffett-backed Chinese EV maker BYD profit up 162% in 2020

Warren Buffett-backed Chinese EV maker BYD profit up 162% in 2020

Employees manufacture electric vehicles at the BYD Coach and Bus factory in Lancaster, California, U.S., on Thursday, Oct. 5, 2017. Photographer: Patrick T. Fallon/Bloomberg

Chinese electric vehicle maker BYD Co Ltd, which is backed by billionaire Warren Buffett, on Monday reported a 162% growth in 2020 net profit as it became a major mask maker amid the COVID-19 pandemic.

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