Key facts
- BYD's third-quarter net profit rose 28% year-on-year.
- Geely's third-quarter net profit climbed 28% to 4.84 billion yuan.
- Geely's revenue increased 10% to 98.96 billion yuan in the third quarter.
- Geely sold 812,523 vehicles in the third quarter, up 6.8% from a year earlier.
- Geely's exports more than doubled to 323,442 units, representing 40% of total sales.
BYD and Geely Automobile reported significant profit increases in the third quarter, driven by strong overseas sales that helped offset slowing demand in China's domestic auto market. BYD's net profit rose 28% year-on-year, while Geely saw its profit climb 28% to 4.84 billion yuan on revenue of 98.96 billion yuan. Geely's exports more than doubled, accounting for 40% of its total sales, as the company expands its global presence and localizes manufacturing to navigate potential headwinds like tariffs.