Chinese EV leader BYD posts record RM123.68b revenue, exceeds Tesla’s third-quarter earnings

Quick Summary:

BEIJING, Oct 30 — Chinese electric vehicle giant BYD reported surging sales today, surpassing global rival Tesla in quar...

The European Union announced yesterday that it would levy extra tariffs of up to 35.3 per cent on Chinese EVs after a probe by the bloc found that state subsidies from Beijing were undercutting local competitors.

Tesla’s profitability outlook had come under heightened scrutiny after slashing vehicle prices over the last year or so in response to increased offerings from other companies — including BYD — in the EV industry.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaChinaHong KongHungaryTurkeyUnited States

Topics: China ev market Revenue BYD Tesla

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 20:22:10 (1 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 240 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © Malay Mail

News ID: 23339314

View Article Analysis

About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 10 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 2 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

Frequently Asked Questions