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Chinese electric vehicle maker BYD's third-quarter profit drops 27.5%

BEIJING, Oct 28 (Reuters) - Chinese electric vehicle (EV) maker BYD Co Ltd , 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. ($1 = 6.3968 Chinese yuan renminbi) (Reporting by Yilei Sun and Brenda Goh Editing by David Goodman)

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