The EV maker is also set to boost net income in the combined three quarters for the year to 9.5 billion yuan, up as much as 289%, according to the filing.
BYD sold 537,164 electric and hybrid cars in the third quarter, 197% higher from a year earlier. The total comfortably beat Tesla, though that company only sells pure EVs. The growing demand for EVs is lifting the broader industry. Leading battery maker Contemporary Amperex Technology Co. Ltd. said on Oct. 10 its third-quarter net income could surge as much as 200% thanks to booming sales in the automotive industry, while LG Energy Solution Ltd.’s operating profit and sales
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