{"id":158834,"date":"2024-10-31T11:08:32","date_gmt":"2024-10-31T10:08:32","guid":{"rendered":"https:\/\/newmobility.news\/?p=158834"},"modified":"2024-10-31T13:06:20","modified_gmt":"2024-10-31T12:06:20","slug":"byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales","status":"publish","type":"post","link":"https:\/\/newmobility.news\/en\/2024\/10\/31\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\/","title":{"rendered":"BYD surpasses Tesla in quarterly revenue\u00a0but not (yet?) in EV sales"},"content":{"rendered":"
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 hybrid models, BYD continues to dominate.<\/div>
\n

BYD reported a third-quarter revenue of $28.2 billion (\u20ac25.9 billion), compared to Tesla\u2019s $25.2 billion (\u20ac23.2 billion). The rise is significant at 24% year-on-year, as the car and battery maker reached a sales record of 1.12 million electric and plug-in hybrid vehicles. Net profits increased by 11.5% to $1.63 billion (\u20ac1.47 billion), exceeding expectations but below Tesla\u2019s earnings of $2.17 billion (\u20ac2.0 million) during the last quarter.<\/p>\n<\/div>

This content has been archived. Log in or Subscribe<\/a> to a level that has access to archived content.<\/div><\/div>","protected":false},"excerpt":{"rendered":"

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 hybrid models, BYD continues to dominate. BYD reported […]<\/p>\n","protected":false},"author":715,"featured_media":158837,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[77170,77160,28,16,8,4,17],"tags":[],"class_list":["post-158834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-belgium","category-china","category-europe","category-industry","category-product","category-top-stories-today","category-weekly-newsletter"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?fit=2508%2C1672&ssl=1",2508,1672,false],"thumbnail":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?fit=300%2C200&ssl=1",300,200,true],"medium_large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?fit=640%2C427&ssl=1",640,427,true],"large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?fit=640%2C427&ssl=1",640,427,true],"1536x1536":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?fit=1536%2C1024&ssl=1",1536,1024,true],"2048x2048":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?fit=2048%2C1365&ssl=1",2048,1365,true],"trp-custom-language-flag":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?fit=18%2C12&ssl=1",18,12,true],"related-thumb":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=640%2C480&ssl=1",640,480,true],"gform-image-choice-sm":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=300%2C300&ssl=1",300,300,true],"gform-image-choice-md":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=400%2C400&ssl=1",400,400,true],"gform-image-choice-lg":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=600%2C600&ssl=1",600,600,true],"mailchimp":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?fit=560%2C373&ssl=1",560,373,true],"unipress-phone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=640%2C100&ssl=1",640,100,true],"unipress-tablet":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=1536%2C240&ssl=1",1536,240,true],"unipress-tablet-portrait":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=1536%2C180&ssl=1",1536,180,true],"unipress-tablet-landscape":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=2048%2C180&ssl=1",2048,180,true],"unipress-smartphone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=1080%2C168&ssl=1",1080,168,true],"unipress-wide-screen":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg?resize=2508%2C180&ssl=1",2508,180,true]},"post_excerpt_stackable_v2":"

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 hybrid models, BYD continues to dominate. BYD reported a third-quarter revenue of $28.2 billion (\u20ac25.9 billion), compared to Tesla\u2019s $25.2 billion (\u20ac23.2 billion). The rise is significant at 24% year-on-year, as the car and battery maker reached a sales record of 1.12 million electric and plug-in hybrid vehicles. Net profits increased by 11.5%…<\/p>\n","category_list_v2":"Belgium<\/a>, China<\/a>, Europe<\/a>, Industry<\/a>, Product<\/a>, Top Stories Today<\/a>, Weekly Newsletter<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"\nBYD surpasses Tesla in quarterly revenue\u00a0but not (yet?) in EV sales - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2024\/10\/31\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BYD surpasses Tesla in quarterly revenue\u00a0but not (yet?) in EV sales - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"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 hybrid models, BYD continues to dominate. BYD reported […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newmobility.news\/en\/2024\/10\/31\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\/\" \/>\n<meta property=\"og:site_name\" content=\"newmobility.news\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/search\/top\/?q=newmobility.news\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-31T10:08:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-31T12:06:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newmobility.news\/wp-content\/uploads\/2024\/10\/ampnet_photo_20240423_235804.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2508\" \/>\n\t<meta property=\"og:image:height\" content=\"1672\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Piet Andries\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:site\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Piet Andries\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/10\\\/31\\\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/10\\\/31\\\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\\\/\"},\"author\":{\"name\":\"Piet Andries\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/#\\\/schema\\\/person\\\/a5b306e499388c9ea0a3a4f6704d7081\"},\"headline\":\"BYD surpasses Tesla in quarterly revenue\u00a0but not (yet?) in EV sales\",\"datePublished\":\"2024-10-31T10:08:32+00:00\",\"dateModified\":\"2024-10-31T12:06:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/10\\\/31\\\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\\\/\"},\"wordCount\":457,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/10\\\/31\\\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/newmobility.news\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/ampnet_photo_20240423_235804.jpg?fit=2508%2C1672&ssl=1\",\"articleSection\":[\"Belgium\",\"China\",\"Europe\",\"Industry\",\"Product\",\"Top Stories Today\",\"Weekly Newsletter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/newmobility.news\\\/2024\\\/10\\\/31\\\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/10\\\/31\\\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\\\/\",\"url\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/10\\\/31\\\/byd-surpasses-tesla-in-quarterly-revenue-but-not-yet-in-ev-sales\\\/\",\"name\":\"BYD surpasses Tesla in quarterly revenue\u00a0but not (yet?) in EV sales - 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