BYD's Q3 profit rises 28% on export surge, but inventory swells 60%

BYD's net profit rose 28.1% year-on-year to ¥10.02 billion in the third quarter, as the Chinese carmaker shipped more than half a million vehicles abroad in three months. Revenue grew 13.6% to ¥221.49 billion. However, inventory is up 60% since January, its cash pile has nearly halved and nine-month profit is still down.