Chinese automaker BYD Co. 1211, +0.17% expects third-quarter profit to rise at least 67% on the back of record electric-vehicle sales.
For the first three quarters of the year, BYD expects profit to more than double to CNY20.50 billion to CNY22.50 billion, from CNY9.31 billion a year ago. Earlier this month, BYD said its total vehicle sales nearly doubled in the January-September period to 2.08 million vehicles.
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