BEIJING (Reuters) – Chinese electric vehicle maker BYD recorded a 11.5% rise in third-quarter net profit on Wednesday, as it maintained strong sales momentum helped by government trade-in incentives.
Net profit rose to 11.6 billion yuan ($1.63 billion) in the July-September quarter, while revenue grew by 24% from a year earlier to 201.1 billion yuan, the company said in a stock exchange filing.
For the first nine months, net profit was up 18.1% to 25.2 billion yuan.
($1 = 7.1215 Chinese yuan renminbi)
(Reporting by Qiaoyi Li, Zhang Yan and Kevin Krolicki; editing by Jason Neely)
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