Overview

• BYD sold a record 1.1 million new energy vehicles in the third quarter, leading to a net income of $1.6 billion on $28.2 billion in revenue.
• The company hired nearly 200,000 new employees between August and October to support increased production demands.
• BYD's October sales hit 500,526 units, marking a 66.2% year-over-year increase, while Tesla's China-made vehicle sales fell 5.3% from the previous year.
• Despite higher revenue, BYD's net profit remains lower than Tesla's, with Tesla reporting a net income of $2.167 billion for the third quarter.
• BYD continues to expand globally, with new manufacturing plants planned in regions like Southeast Asia, Europe, and South America.