Chinese electric vehicle maker BYD's third-quarter profit drops 27.5%

Reuters2021-10-28

BEIJING, Oct 28 (Reuters) - Chinese electric vehicle $(EV)$ maker BYD Co Ltd , which is backed by billionaire Warren Buffett, on Thursday reported a 27.5% drop in third-quarter net profit.

BYD made a 1.27 billion yuan ($198.54 million) net profit in the three months to Sept. 30, down from 1.75 billion yuan in the same period last year. ($1 = 6.3968 Chinese yuan renminbi)

(Reporting by Yilei Sun and Brenda Goh Editing by David Goodman)

((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))

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