BYD reports record Q1 profit, up 100.4%, driven by robust EV sales in China and abroad.

BYD, China's top electric vehicle manufacturer, reported a record first-quarter profit, up 100.4% to 9.2 billion yuan ($1.26 billion), surpassing expectations. The company's revenue rose 36.4% to 170.4 billion yuan. BYD's strong performance is attributed to its competitive position in the domestic market and a surge in EV sales, with nearly one million units sold in Q1. Despite potential US tariffs, analysts foresee minimal impact due to the company's focus on other international markets like South America and Southeast Asia.