NewzChinese automaker BYD, recognized as the world's largest seller of electric vehicles, reported a 30 percent increase in profits for the period between April and June.
The profit growth marks the first time in five quarters that the company's earnings have not contracted. According to the available reports, the financial turnaround was driven primarily by the company's export activities.
The announcement was made from Shanghai on August 31, based on wire service reporting from EFE.
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