Etiqueta: Tesla

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.

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! BYD announced their 3Q financials this week. To summarize, almost everything is up, quarter on quarter and year on year: sales, revenue (now more than Tesla), net profit, earnings per share, shareholder equity … ... [continued]

Discover how Tesla and BYD may need to embrace hydrogen technology to stay competitive in the evolving zero-emission vehicle market.

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! In mid-September, I wrote the article “BYD Closer to Becoming #1 Automaker in World Than I Thought.” However, the company seems to just keep speeding up the timeline. In August, BYD had 373,083 vehicle ... [continued]

BYD sales topped the 500,000 mark in October, its first time achieving the feat. After its fifth consecutive record sales...