Overview
- Net profit fell 32.6% year on year to 7.8 billion yuan in the third quarter, with revenue down 3.1% to 195 billion yuan, missing analyst estimates.
- BYD delivered 1.11 million battery-electric and plug-in hybrid vehicles in the quarter, a 1.8% decline from a year earlier.
- September European registrations jumped to 24,963 vehicles, nearly five times a year earlier, according to ACEA data covering the EU plus the UK and several non‑EU markets.
- Tesla’s September deliveries in Europe declined 10.5% to 39,837 vehicles, narrowing the gap with BYD in the region.
- Executives outlined plans to double European showrooms to 2,000 in 2026 and have all models sold in Europe built locally by 2028, as analysts caution overseas gains have not yet offset domestic weakness.