
Higher sales abroad padded earnings for the two EV giants, as analysts expect gap to widen between major, minor players
Chinese automakers BYD and Geely Auto reported significant third-quarter profit growth, fueled by strong international sales in Europe and Southeast Asia as they compete with established global brands.
AI-generated summary
BYD and Geely are expanding their presence in international markets, specifically targeting Europe and Southeast Asia.
China’s two largest carmakers, BYD and Geely Auto, reported a jump in their third-quarter earnings, propelled by surging overseas sales as they intensified pressure on established international marques in Europe and Southeast Asia.
BYD, mainland China’s largest automotive group, posted a net profit of 10 billion yuan (US$1.5 billion) in the three months ending September, up 28 per cent from the same period a year earlier. Revenue grew 13.6 per cent to 211.5 billion yuan.
Geely said on Thursday that its net income between July and September climbed 28 per cent to 4.8 billion yuan, while revenue increased 10 per cent to 99 billion yuan.

The Beijing Municipal Bureau of Commerce announced that the deadline for applying for car trade-in subsidies in 2026 will be extended from November 30, 2026 to January 10, 2027. Relevant certification materials must be obtained within 2026. Those who fail to submit or make corrections after the deadline will not be subsidized.

Audi announced plans to invest US$4 billion to build a factory in Georgia, USA. The annual output will reach 200,000 SUVs and is expected to create 4,500 jobs. The move comes at a time when the German auto industry is under pressure. The announcement by Audi CEO and Trump on the same stage triggered strong criticism in Germany for exacerbating local unemployment and political stance.

The Ministry of Industry and Information Technology publicly solicited opinions and initiated the revision of the standard "Installation Requirements for Exterior Lighting and Optical Signaling Devices for Cars and Trailers". The new standard is planned to be implemented in 2028. It is planned to stipulate that only L3 and above self-driving vehicles can be equipped with exclusive "blue-green" small blue lights, and the use of car light emojis while driving is prohibited.

China’s BYD plans to build new factories in Europe to increase market share amid rising trade barriers overseas and reduced domestic fiscal support.

The new energy vehicle international industry-education integration training base jointly built by Chinese and Thai schools and enterprises was unveiled in Liuzhou, Guangxi. The base is jointly built by Liuzhou Railway Vocational and Technical College, SAIC-GM-Wuling and Thai universities. It aims to jointly cultivate technical and technical talents in the field of new energy vehicles through a transnational training platform and order class model.

The intelligent and scene-based functions of China's new energy vehicles are profoundly changing the travel and lifestyle of young people. With the hot sales of the "9 Series" flagship model and hard-core off-road vehicles, and Chinese car companies accelerating their expansion into overseas markets such as Europe, China's new energy vehicles are becoming a new benchmark for global car consumption.