BYD, Geely soar in China's crowded field as state carmakers slump

Private companies log higher profit in 1st half on strong sales and margins

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China's major private automakers, including BYD, posted strong results for the January-June half. (Photo by Shizuka Tanabe)

SHIZUKA TANABE, Nikkei staff writer

GUANGZHOU -- BYD and Geely Automobile Holdings were among China's major private automakers to report profit growth in the January-June half, while SAIC Motor and other state-owned operators struggled in a crowded market.

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