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The Chinese BYD (Build Your Dreams) is going through a golden age, not just for entering the European markets. Sales are great at home, where its models are increasingly popular, and this success is clear from the numbers for the second quarter of 2022, just released.
The company in the three months from April to June 2022 sold 355,021 new energy vehicles (NEVs), a much higher number than in the same period last year, when it stopped at 99,828. The data of + 256% it was obviously a foretaste of financial success as well.
Revenues grew by 68% year on year, about 12 billion dollars, which also represents + 25% on the first quarter of this year. The company appears to have performed well on the operating margin as well, as earnings stood at the equivalent of about 400 million dollars, + 198% year on yearand even + 245% on the first quarter.
In general, the entire first half of 2022 has decidedly positive numbers, with BYD alone covering almost 25% of the Chinese market for NEVs, bringing well six models in the top ten. In the future, these numbers will also be added to those deriving from sales in Europeand in recent days we had given you all the details of the three models that are about to land in the Old Continent.
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