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BYD Profit Falls 26% on Increased Competition

BYD Profit Falls 26% on Increased Competition

Wall Street Journal 29/10 12:00

Chinese car and battery maker BYD Co. expects its 2014 full-year net profit to fall by up to 22% after reporting a 26% drop in third-quarter profit as increased competition in the market for conventional cars continues to pressure vehicle sales and earnings.

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