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…
Read original article on News - South China Morning Post →Related news
-
AI chipmaker Iluvatar CoreX says new GPU matches Nvidia’s H200 as home-grown push accelerates
-
Anwar’s ex-rival backs Malaysia’s budget. Will Muhyiddin become PM’s election partner?
- China's longest metro loop line opens in Wuhan
-
New images suggest China’s fourth aircraft carrier could launch in 2027, analysts say
War & Defense
Military
China
-
China slams EU’s potential new trade safeguards, says they may violate WTO rules
International
Trade Relations
China
-
Can Lula’s re-election unlock Mercosur markets for Southeast Asia?
Economy
Trade
Brazil
- A glimpse of autonomous vehicle manufacturing center in Tongxiang, Zhejiang Technology Robotics China
-
10 US states to vote on data centre development on election day amid opposition
Technology
AI
United States