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BYD Earnings Miss $1.5B Target Amidst China's Brutal EV Price War

BYD Earnings Miss $1.5B Target Amidst China's Brutal EV Price War
Hyundai Motor Group · pexels

BYD's third-quarter financial results reveal a significant earnings miss, with net profit reaching 10.02 billion yuan ($1.5 billion), falling below the anticipated 11.1 billion yuan. This performance underscores the escalating challenges within China's…