BYD Surpasses Tesla in Quarterly Revenues Amid Record Sales

The Chinese automaker's affordable and luxury electric vehicles drive a surge in domestic and international markets.

BYD reported revenues of 201.1 billion yuan ($28.2 billion) in Q3, surpassing Tesla's $25.2 billion.
The company achieved record sales of over 500,000 vehicles in October, with a significant portion being plug-in hybrids.
BYD's strategy includes offering affordable EVs and expanding into the luxury vehicle market with models like the Yangwang U9 supercar.
Global expansion is a priority, with efforts to increase sales outside China despite challenges from tariffs in the US and Europe.
BYD's vertical integration, producing key components in-house, allows for cost-effective production and competitive pricing.