Chinese EV maker BYD chasing Tesla in profit per car sold
The Chinese company is now neck and neck with Tesla on pure-electric vehicle sales. Can it achieve Tesla's fat margins, too?
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The Chinese company is now neck and neck with Tesla on pure-electric vehicle sales. Can it achieve Tesla's fat margins, too?
Electric car maker Tesla has a Chinese rival in its rear-view mirror. BYD is now ahead of Tesla in quarterly production - and second to the US car maker in global sales. Its success is also a sign of just how much China's auto industry is growing - China overtook Japan this year to become the world's biggest exporter.
BYD Q3 Sales 2023: BYD's new energy vehicle (NEV) sales hit a record high in the third quarter, with the company ranking first in the world in terms of NEV sales.
The Chinese automaker is just a few thousand cars away from beating Tesla at its own game.
The new YangWang U8 Off-road Master Edition from Chinese automaker BYD can float on water for up to 30 minutes