BYD Q3 Profit Rises 28%, Misses Forecasts

BYD’s third-quarter profit rose 28% from a year earlier to 10.02 billion yuan, but both profit and revenue fell short of analysts’ expectations. For the first nine months of 2026, its profit declined 4.2% while revenue was essentially flat, reflecting intense competition and slowing demand in China. Overseas sales provided a key source of growth: exports of new-energy vehicles more than doubled, and international sales accounted for over 40% of BYD’s quarterly sales. Rival Geely also reported profit growth below expectations, while expanding exports, underscoring how Chinese automakers are looking abroad amid pressure at home.