Overview

• BYD reported a 24% increase in third-quarter revenue to $28.2 billion, exceeding Tesla's $25.2 billion.
• The rise in revenue is attributed to strong sales of plug-in hybrids and government subsidies in China.
• BYD sold nearly 1.1 million vehicles in the third quarter, marking a record for the company.
• Despite the revenue win, Tesla sold more electric vehicles globally during the same period.
• BYD faces challenges abroad with new EU tariffs on Chinese EVs, affecting its international expansion plans.