Chinese EV maker BYD reports record quarterly profit of $1.42b in Q3

Chinese EV maker BYD reports record quarterly profit of $1.42b in Q3

BYD electric vehicles are seen at a BYD dealership in Brasilia, Brazil October 24, 2023. REUTERS/Adriano Machado

China’s BYD Co Ltd on Monday posted record third-quarter earnings, its highest ever for any quarter, as the electric vehicle giant preserved its domestic market leadership despite softer demand and increased competition.