BYD and Geely post 28% earnings gains despite intensifying competition in China

Nikkei Asia reports that BYD and Geely each posted 28% earnings gains despite intensifying competition in China. It says BYD's net profit rose 28% year over year from July through September, with its overseas push offsetting weak demand at home. Bloomberg reports that BYD's profit and sales nevertheless missed analyst estimates, casting doubt on whether exports can shield it from a prolonged downturn in China.