BYD, Geely lean on global growth as China market enters 'harshest winter'

What happened: BYD's net profit jumped 28% year on year between July and September, extending a rebound from the previous quarter as weak consumer demand at home was offset by its overseas push. Geely also posted a 28% earnings gain. Key numbers: Net profit up 28% year on year for BYD in July to September; Geely posted a 28% earnings gain. Why it matters: Both automakers lean on global growth as the China market enters what the report calls its "harshest winter," with tariffs threatening BYD's export-led strategy and the company focusing on localizing manufacturing.

BYD's net profit jumped 28% year on year between July and September, extending a rebound from the previous quarter as weak consumer demand at home was offset by its overseas push. Geely also posted a 28% earnings gain.

Both automakers lean on global growth as the China market enters what the report calls its "harshest winter," with tariffs threatening BYD's export-led strategy and the company focusing on localizing manufacturing.