BYD surpasses Tesla in quarterly revenue but not (yet?) in EV sales

Piet Andries

October 31, 2024

Executive Vice-President of BYD Stella Li confirmed her company pursues to only import battery cells from China in the EU. /BYD

For the first time, Chinese automaker BYD has surpassed Tesla in quarterly revenue. The leap is driven by strong domestic sales, helped by government incentives, and BYD's relentless focus on expanding its international footprint. In China, where over half of vehicle sales now consist of electric or
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