BYD's Exports Jump 102.8% as Domestic Growth Cools

This article first appeared on GuruFocus. BYD (BYDDY) sold 490,168 vehicles in October, up 11% from a year earlier, while overseas shipments rose 102.8% to 170,194 units. October marked BYD's sixth straight month of sales growth, though growth cooled from 17% in September as the Chinese automaker leaned on overseas markets to offset sluggish demand and intense price competition at home. BYD's third-quarter profit growth slowed to 28%, missing forecasts, as more Chinese automakers pushed into export markets. Warning! GuruFocus has detected 6 Warning Signs with BYDDY. Is BYDDY fairly valued? Test your thesis with our free DCF calculator.