BYD revenue jumps 29% as employee shares unlock

BYD Company Limited reported 2024 operating revenue of RMB 777.1 billion, a 29.02% increase from 2023.

The strong performance exceeded the required 20% growth rate, triggering the third unlock period of the company's 2022 employee stock ownership plan. This allows 2.2 million shares, representing 40% of the plan's total holdings, to be unlocked and disposed of by the management committee.