BEIJING, Oct 28 (Reuters) - Chinese electric vehicle (EV) maker BYD Co Ltd (002594.SZ), which is backed by billionaire Warren Buffett, on Thursday reported a 27.5% drop in third-quarter net profit.
BYD made a 1.27 billion yuan ($198.54 million) net profit in the three months to Sept. 30, down from 1.75 billion yuan in the same period last year.
The Shenzhen-based car company, which rolled out a customised EV model for ride-hailing services with China's Didi last year, sold 452,744 vehicles in the first nine months this year, 63% higher from a year earlier, thanks to popular plug-in hybrid vehicles.
($1 = 6.3968 Chinese yuan renminbi)
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