Etiqueta: BYD

The sales figures reflected the increasing popularity of hybrid electric vehicles and the slowing growth of fully battery electric vehicles (BEV) in the world’s largest auto market.

Hong Kong-listed EV titans BYD Co. Limited ($HK:1211) and its rival XPeng ($HK:9868) are celebrating their record sales in October. Last month’s sales were fueled b...

BYD made 1.3M NEVs in 3 months, hired 200K people and increased production, surpassing Tesla in Q3 revenue but trailing in net profit.

China’s top legislative body could deliver a much-awaited fiscal stimulus this week, while the Fed is seen extending its monetary easing.

BYD increased its production capacity by nearly 200,000 units in August-October and hired nearly 200,000 new people, with all production sites at full capacity, an executive said.

"China's EV market is the largest in the world and also delivers fast growth," Vincent Sun, senior equity analyst at Morningstar said.

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China's BYD boosts production and hiring amid Q3 growth

China's electric vehicle giant BYD ramped up production by nearly 200,000 units from August to October, while hiring close to 200,000 new employees in car manufacturing and components, Executive Vice President He Zhiqi said on Weibo on Saturday. BYD posted an 11.5% rise in third-quarter net profit as it maintained strong sales momentum. Revenue for the July-September period surged 24% on year to 201.1 billion yuan ($28.24 billion), the first obvious win for BYD on quarterly revenue versus Tesla since the Chinese automaker stopped producing gasoline engine vehicles in 2022.

Denza said it has completed five showrooms in key areas of Thailand and will reach 10 sales outlets within the year.