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Chinese electric-vehicle maker BYD profits surged more than 200% driven by record car sales

Chinese electric-vehicle maker BYD Co. delivered solid first half 2022 results, with net profit surging 206.35% and revenue rising 65.71% year-over-year.BYD booked a total revenue of 150.6 billion yuan (US$21.8 billion), up 66% from a year earlier driven by record monthly sales, while net income came in at 3.6 billion yuan ($521 million), up 206.35 percent year-over-year.It is worth noting that the total new energy car sales of BYD in first seven months of this year is more than in 2020 and 2021 combined. The record sales was driven by China’s green transition, BYD took lion shares of China’s NEV market with 24.7% in the first half.BYD has managed supply-chain disruptions better than many domestic rivals, including Nio Inc., XPeng Inc, and Li Auto Inc. thanks to all-round capabilities that makes car components such as batteries and semiconductors.Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly s ....

Elon Musk , Nio Inc , Xpeng Inc , Li Auto Inc , Lian Yubo ,

9count, maker of Wink and new dating app Summer, scores an additional $27.5M – TechCrunch

Alex Hofmann once served as Musical.ly’s president, overseeing the North and South American markets for the TikTok precursor, then leaving shortly after the app exited to Chinese tech giant ByteDance in 2017. For his next act, the startup exec returned to the consumer social space with the launch of 9count — the maker of the […] ....

United States , Alex Hofmann , Hans Tung , Joe Viola , App Store Lifestyle , South American , Crosscut Grishin Robotics , Waverley Capital , App Store , Sensor Tower , Google Play ,

9count, maker of Wink and new dating app Summer, scores additional funding – TechCrunch

Alex Hofmann once served as Musical.ly’s president, overseeing the North and South American markets for the TikTok precursor, then leaving shortly after the app exited to Chinese tech giant ByteDance in 2017. For his next act, the startup exec returned to the consumer social space with the launch of 9count — the maker of the […] ....

United States , Alex Hofmann , Hans Tung , Joe Viola , App Store Lifestyle , South American , Crosscut Grishin Robotics , Waverley Capital , App Store , Sensor Tower , Google Play ,