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Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time - TL;DR CNBC

Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time

Publishing timestamp: 2024-10-31 02:23:01


Summary

BYD reported higher revenue than Tesla for the first time in the third quarter, but Tesla still leads in net profit and year-to-date sales. Both companies are facing tough competition in the Chinese EV market and are ramping up production in Europe to work around new tariffs imposed by the European Union.


Sentiment: MIXED

Tickers: TSLAZE594-CN104-SZBYDDF

Keywords: breaking news: technologysanctions and embargoestesla incsaic motor corp ltdenergytrade balancebyd co ltdelon muskearningsbusiness newselectric vehiclesautoseuropean commissionturkeytechnologyeuberlinelectric vehicle manufacturingsingapore

Source: https://www.cnbc.com/2024/10/31/chinese-ev-maker-byds-quarterly-sales-overtook-teslas-for-the-first-time.html


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