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byd: Chinese automaker BYD inches closer to global EV dominance as Tesla sales dip

Last quarter, BYD came remarkably close to surpassing Tesla in sales figures, largely due to factory downtime that led to Teslas first delivery decline in over a year. In the three months ending on September 30, BYD successfully sold 431,603 fully-electric vehicles, marking a 23% increase from the previous quarter. In comparison, Tesla shipped 435,059 cars worldwide during the same period, with a mere 3,456-vehicle gap between the two, the closest margin to date.
Fang Cheng Bao Taylor Ogan Joanne Chen Elon Musk Snow Bull Capital Bloomberg Intelligence

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Reliance unveils swappable, multipurpose batteries for EVs

Reliance Industries, the Indian oil refining company, unveiled its swappable and multipurpose battery storage technology for electric vehicles (EVs) at a renewable energy exhibition. The batteries can be used for both mobility and powering household appliances, and can be swapped at Reliances battery swap stations or recharged using rooftop solar panels.
Mukesh Ambani Reliance Industries Kingdom Based Faradion Lithium Werks Electric Vehicles Ev Batteries

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