BEAMSTART Logo

BYD beats Tesla in quarterly sales for the first time as demand soars for hybrid EVs

SCMP LogoSCMP9h ago

BYD beats Tesla in quarterly sales for the first time as demand soars for hybrid EVs - SCMP

Quick Summary:

BYD’s third-quarter sales jumped 24 per cent to 201.12 billion yuan (US$28.2 billion), beating Tesla’s US$25.18 billion revenue in the same period.

BYD’s Song L electric SUV on display during the Auto Guangzhou 2023 at China Import & Export Fair on November 17, 2023 in Guangzhou.“Unless Tesla further lowers its prices, introduces new models or launches its Full Self-Driving feature in China, it is unlikely to see further growth in China”, said Yale Zhang, head of the Shanghai consulting firm Automotive Foresight.“If Tesla wants to sell more EVs, it can only depend on sales growth in other overseas markets.

Tesla sells four models of pure EVs in China, fewer than BYD’s portfolio of several dozen EVs, hybrids and petroleum-driven vehicles.

More Pictures

BYD beats Tesla in quarterly sales for the first time as demand soars for hybrid EVs - SCMP (Picture 1)

or

Article Details

Author / Journalist: Yujie Xue

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 12:52:49 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 279 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23345580

View Article Analysis

About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 17 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 23 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "BYD beats Tesla in quarterly sales for the first time as demand soars for hybrid EVs" has 279 words across 7 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "BYD beats Tesla in quarterly sales for the first time as demand soars for hybrid EVs" was covered 9 hours ago by SCMP, a news publisher based in Hong Kong.

How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 17 news stories per day.

It's most recent story was published 23 minutes ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23345580
  • URL: https://beamstart.com/news/byd-beats-tesla-in-quarterly-17303531956889

More News from SCMP

Latest Jobs

More Business News

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2024 BEAMSTART. All Rights Reserved.