BYD is known for its affordable EVs, such as the Seagull, which is sold for under $10,000 in China.VCG/VCG via Getty ImagesBYD has just notched another big victory in its fight to overtake Elon Musk.The Chinese EV maker's quarterly revenues outstripped Tesla's for the first time.BYD is reaping the benefits of its lineup of affordable EVs and hybrids and is eyeing global expansion.BYD has just scored another victory in its battle to overtake Tesla.The Chinese EV giant said in its third-quarter earnings on Wednesday it had surpassed Tesla's revenues from EV sales for the first time.BYD recorded revenues of 201.1 billion yuan ($28.2 billion) in the three months to September 30, up 24% from the same quarter last year.
Similar Stories to 5 Reasons Byd Is Surging Ahead After Eclipsing Tesla's Quarterly Sales For The First Time on Bing News
tcarter@businessinsider.com (Tom Carter), Business Insider
Fri, 11/01/2024 - 9:40am
Topics: seagull elon september affordable 000.those ,600 model october.2 getty imagesthe yangwang u8 suv ,000 yangwang u9 mercedes bmw experts european chinese evs brazil.4 jade gao/afp dylan khoo abi research dm-i phev vp stella dolphin americas axel schmidt/getty david bailey university birmingham business insider evs china getty musk chinese ev tesla us october yangwang u9 february getty bi phev stella li quarterly reasons byd sales for the first time hybrid year vehicles electric price revenues sold launched automaker yuan making hybrids told success hatchback unveiled supercar cuts cheapest time.byd global part key overtake record passenger premium victory imagesbyd component put expansion vehicle chips luxury technology core company batteries
BING NEWS:
- 5 reasons BYD is surging ahead after eclipsing Tesla's quarterly sales for the first time
The Chinese EV giant announced record revenues in its Q3 earnings on Wednesday, surpassing Tesla's revenues from EV sales for the first time.
11/1/2024 - 6:21 am | View Link - BYD quarterly sales top Tesla for first time in 3Q24
BYD's quarterly sales surpassed Tesla's for the first time in 3Q24; however, ongoing fierce market competition in China's EV industry means such success is not the story of other Chinese EV makers.
10/31/2024 - 5:36 pm | View Link - Tesla's Chinese Rival BYD Outshines Elon Musk's EV Giant In Quarterly Revenue For First Time Since 2022 Amid Hybrid Sales Surge
Chinese EV giant BYD Co Ltd on Wednesday reported a net profit of $11.6 billion yuan ($1.63 billion) for the third quarter, marking a growth of 11.5% from the corresponding period last year.
10/30/2024 - 11:17 pm | View Link - Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time
The milestone comes amid tough competition in China, the world’s largest auto market, as well as higher tariffs on imports of Chinese EVs into the EU.
10/30/2024 - 7:23 pm | View Link - BYD just had a record-breaking third quarter as EV sales continued surging
With some of the most affordable EVs on the market, BYD’s sales are surging. With record-breaking vehicle sales in ...
10/30/2024 - 6:02 am | View Link - More
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