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China’s BYD, Geely report profit jump as sales abroad surge, though local market stalls

China’s two largest carmakers, BYD and Geely Auto, reported a jump in their third-quarter earnings, propelled by surging overseas sales as they intensified pressure on established international marques in Europe and Southeast Asia. BYD, mainland China’s largest automotive group, posted a net profit of 10 billion yuan (US$1.5 billion) in the three months ending September, up 28 per cent from the…

China’s BYD, Geely report profit jump as sales abroad surge, though local market stalls

We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.

Read the original at scmp.com →

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