BYD's Q3 grew but missed the bar: net profit up 28% to 10.02B yuan ($1.5B) vs ~11.1B expected, revenue 221.5B yuan vs forecasts. China's EV price war is eating the domestic story while exports carry t

What happened: BYD reported third-quarter net profit of 10.02 billion yuan, missing analysts' expectations of about 11.1 billion yuan, as domestic price competition weighed on results. Why it matters: The misses underscore how Chinese automakers are leaning on overseas sales to offset intense domestic price competition, while the EU has imposed additional tariffs on Chinese-made battery-electric vehicles and is considering measures on hybrids. Market: -3.4% today ($13.71), -22.7% YTD, 1.3x vol — as of 07:46 UTC

BYD reported third-quarter net profit of 10.02 billion yuan, missing analysts' expectations of about 11.1 billion yuan, as domestic price competition weighed on results.

The misses underscore how Chinese automakers are leaning on overseas sales to offset intense domestic price competition, while the EU has imposed additional tariffs on Chinese-made battery-electric vehicles and is considering measures on hybrids. Market: -3.4% today ($13.71), -22.7% YTD, 1.3x vol — as of 07:46 UTC