Green Tech
BYD (BYDDY) Q3 profit jumps 28% on exports, but inventory balloons 60%
BYD reported a 28% jump in Q3 net profit driven by exports, though inventory levels rose by 60%.
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BYD reported a 28% jump in Q3 net profit driven by exports, though inventory levels rose by 60%.
Chinese EVs are gaining market share in Western markets at significantly discounted prices, posing a challenge to legacy automakers already struggling with technology and affordability.