BYD Q3 Profit Rises 28% Powered by Exports Despite Rising Inventory
ASIABYD
Chinese automaker BYD reported a 28% jump in third-quarter net profit to ¥10.02 billion, fueled by strong overseas shipments of more than half a million vehicles. However, the company's financial report also revealed emerging operational headwinds, including a 60% surge in inventory since January and a shrinking cash reserve.
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