Kia's Profit Growth Exposes Typical Dilemmas of Traditional Automakers' Transformation

I noticed an interesting detail: Kia's revenue grew 12.6% year-over-year, but net profit only increased by 2.6%. To an engineer at BYD doing electric drive cost accounting, this 'scissors gap' is a classic signal of "volume growth without profit growth"—revenue scale went up, but profits were eaten up by costs.