Etiqueta: Tesla

BYD went on a hiring spree over the past few months as sales and profits reached new levels. With momentum...

Plus BYD made more money than Tesla last quarter and Volkswagen admits it’s been in trouble for “decades”

The Chinese commerce ministry said on Monday it will file a lawsuit with the WTO against the EU's tariffs on Chinese electric car companies.

As of now, all provinces in China have implemented the car replacement subsidy policy and brought a new wave of growth momentum to the automative market, the CPCA said.

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.

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

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Cleantech industries are flying, and the past two weeks show more evidence of that. Check out some of the biggest recent stories in the update below. Note that this is part of CleanTechnica’s weekly ... [continued]

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.