BYD has reported a sharp rise to profit as sales of its eco-friendly cars have surged in China.

BYD said its net profit for the July-Sept period totalled 1.49 billion yuan, sharply higher from CNY28.2 million a year earlier. Its operating revenue during the period was up 23.5% to CNY16.9 billion.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company's nine-month net profit was CNY1.96 billion, up 404% from a year earlier. Its nine-month operating revenue rose 20% to CNY48.49 billion.

BYD's sales of eco-cars, including plug-in hybrids and electric cars, soared 220% year on year in September to 6,013 vehicles, lifted by a popular new model and generous government subsidies.

The Tang SUV, BYD's third plug-in hybrid passenger vehicle, accounted for nearly half the total with 3,044 sold. The Qin plug-in hybrid also sold well, with 2,115 moved in September.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now