The Chinese manufacturer of electric vehicles (EV) $1211 (+0,57%) increased its net profit in the fourth quarter by 73,1% to the record level of 15 billion yuan (2.1
billion dollars), the company said on Monday, reaping the rewards of underbidding and outbidding its rivals.fourth-quarter sales rose by 52,7% to 274.9 billion yuanas the company announced in a stock exchange report.
For the whole of last year, profits rose by 34% to a record high of 40.3 billion yuan with a sales increase of 29%.
