The Chinese manufacturer sold more than 500,000 passenger vehicles in a month for the first time in October.
On Wednesday, BYD reported revenue for the three months ended Sept. 30 of 201.12 billion yuan ($28.24 billion), up 24% from a year ago.
China's BYD Co. reported quarterly revenue that beat Tesla Inc. for the first time since the pair have gone head-to-head in global EV sales. Minmin Low reports on Bloomberg Television.
China's BYD Co. reported quarterly revenue that beat Tesla Inc. for the first time since the pair have gone head-to-head in global EV sales. Minmin Low reports on Bloomberg Television.
BYD Co (HKG:1211, LSE:0HKY, OTCQX:BYDDY) has reported higher quarterly revenue than Tesla Inc (NASDAQ:TSLA) for the first time as the duo grapple for the spot as the world's largest electric vehicle (EV) company. Revenue jumped 24% to 201.1 billion yuan ($28.2 billion) over the three months to September, BYD reported on Wednesday.
Chinese electric vehicle maker BYD recorded a 11.5% rise in third-quarter net profit on Wednesday, as it maintained strong sales momentum helped by government trade-in incentives.
BYD has appointed former Stellantis UK chief Maria Grazia Davino to lead its operations in a group of European countries including Germany, the Chinese automaker said on Wednesday.
China's Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD ,.
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Europe's car safety agency has issued a "not recommended" rating to the driver assistance system used in BYD's Atto 3 EV, dealing a blow to the Chinese automaker as it strives to expand on the continent.
Chinese electric vehicle (EV) stocks surged in Hong Kong following reports of new government measures aimed at accelerating the development of the new-energy vehicle sector. The state-backed Xinhua News Agency reported on Tuesday that central government agencies plan to increase the purchase of new-energy vehicles as part of broader efforts to promote the industry.
BYD earnings are due Oct. 30, with solid growth seen. The China EV giant is expected to pass Tesla by another key metric for the first time.