The photo taken on Jan 13, 2023 shows visitors' experience of a BYD Atto 3 during the press day of the 100th Brussels Motor Show in Brussels, Belgium. In 2022, PHOTO XINHUA SHENZHENHEN - China's leading new energy vehicle NEV manufacturer BYD Company Limited expects to see significant increases in revenue growth and net profit.
The company's net profit is expected to range from 16 billion yuan to 17 billion yuan, an increase of 425.42 percent to 458.26 percent year-on-year, according to a company report on performance forecast released on Monday.
The report said that it's revenue is expected to exceed 420 billion yuan.
In 2022, sales of new energy vehicles showed strong year-on-year growth, which led to a significant improvement in earnings, while effectively easing cost pressure caused by rising upstream raw material prices, according to the company.
In 2022, BYD sold over 1.86 million new energy vehicles, an increase of 208.64 percent over the previous year, ranking first in global NEV sales.