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Buffett-backed BYD warns on 2019 profit as Chinese market contracts

Buffett-backed BYD warns on 2019 profit as Chinese market contracts

5 years ago
Anonymous $xdcOWPpsb_

https://www.reuters.com/article/us-byd-results/buffett-backed-byd-warns-on-2019-profit-as-chinese-market-contracts-idUSKBN1X81MW

Chinese electric car maker BYD Co Ltd said on Tuesday it expected full-year net profit to fall by as much as 43%, as sales of new energy vehicles in the world's biggest auto market plunged following a cut in government subsidies.