BYD Third-Quarter Profit Rises 28%, Missing Forecasts
BYD reported net profit of 10 billion yuan ($1.50 billion) in the third quarter, up 28% year over year, as competition intensified in China and spread overseas.
Chinese electric vehicle maker BYD SZSE:002594 reported a smaller-than-expected 28% increase in third-quarter profit on Thursday as intensifying competition at home spread to overseas markets.Net profit rose to 10 billion yuan ($1.50 billion) in the quarter, a stock filing showed, cooling from a 30…