BYD Stock News

BYD's net profit rose 28% in the third quarter as the world's top electric-vehicle seller pushed ahead with its overseas expansion to offset slowing demand in its home market of China.

Chinese electric vehicle maker BYD reported a ​smaller-than-expected 28% rise in ‌third-quarter profit on Thursday, though strong export growth helped offset ​persistent weakness in ​its home market.

Autumn has traditionally been the peak time to buy vehicles in China, but this year many showrooms are empty or shut. An unstable job market and a continued slide in property prices have undercut consumer confidence in the country.

China's BYD plans to double capacity at Brazilian plant

Two years ago, nine brands from China were at the event. This time, there were about 20.

Retail sales of passenger cars in China fell 28.0% in September from a year earlier, as the traditional peak season failed to bring cheer.

Geopolitics are the biggest issue limiting BYD's global expansion, according to BYD executive vice president Stella Li.

The number one challenge to expansion for BYD is geopolitics, ​Stella Li, BYD's executive vice president, said on Thursday, ‌months after the Chinese company's chairman said it aims to become the world's largest automaker within five years.