BYD and Geely both posted profit jumps as overseas sales surged while China’s local market stalled. Export mix is carrying the earnings, so the tape will focus on whether domestic weakness stays a vol

What happened: BYD and Geely Auto reported higher third-quarter earnings, driven by surging overseas sales as they increased pressure on established international carmakers in Europe and Southeast Asia. Key numbers: BYD net profit 10 billion yuan (US$1.5 billion), up 28 per cent year on year. Revenue up 13.6 per cent to 211.5 billion yuan. Why it matters: Overseas sales growth is offsetting a stalling local market, with the two carmakers intensifying pressure on established international marques in Europe and Southeast Asia. Coverage: 3 outlets in 24h

BYD and Geely Auto reported higher third-quarter earnings, driven by surging overseas sales as they increased pressure on established international carmakers in Europe and Southeast Asia.

Overseas sales growth is offsetting a stalling local market, with the two carmakers intensifying pressure on established international marques in Europe and Southeast Asia.