BYD expects four-fold jump in quarterly profit as China sales surge past Tesla

BYD expects four-fold jump in quarterly profit as China sales surge past Tesla

FILE PHOTO: A man cycles past an entrance to the headquarters of Chinese electric car maker BYD in Shenzhen's Pingshan district, Guangdong province, China October 25, 2019. REUTERS/Yilei Sun

BYD Co, China’s biggest electric car maker, said third-quarter net profit likely more than quadrupled as it extends its sales lead over Tesla Inc in the world’s largest auto market.