BYD’s Q3 2026 earnings are out, and net profit jumped 28% year-over-year to ¥10.02 billion as the Chinese automaker shipped more than half a million vehicles out of the country in just three months.
But the rest of the filing is messier. BYD’s inventory is up 60% since January, its cash pile has shrunk by almost half, and profit is still down for the first nine months of the year.
BYD is still operating at a high level, but its business is changing.
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