BYD Motor's Profit In The First Three Quarters Was &Nbsp Compared With Last Year, And Its Decline Was As High As 99%.

In November 3rd, China's largest Private electric vehicle Producer BYD automotive Limited by Share Ltd (01211.HK, hereinafter referred to as BYD) released data showing that in October BYD 40578 cars were sold, down 13.07% from 46646 in October 2009, up 22.65% from 33085 in September 2010.

In the first 10 months of 2010, BYD sold 426 thousand and 800 vehicles and completed 71.13% of the 600 thousand target for the year.

BYD responsible person in a telephone interview with reporters, said that in October BYD sales significantly increased, the highest monthly sales since March 2010. This is related to BYD's recent sales promotion measures.

However, auto industry analysts say that with the early overdraft of new energy vehicles and other selling points, the next two months are not optimistic about BYD's sales surge. Therefore, it is very difficult for BYD to complete its sales target in 2010.

At the end of October, BYD announced its first three quarters of 2010. The first three quarters, BYD Net profit It reached 2 billion 433 million yuan, an increase of 4% compared with 2 billion 338 million yuan in the same period in 2009, but the net profit in the third quarter was only 11 million 340 thousand yuan, which was only 1% of the 1 billion 160 million yuan in the same period in 2009, a decrease of 99%.