The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla’s for the first time.
It posted more than 200bn yuan ($28.2bn, £21.8bn) in revenues between July and September. This is a 24% jump from the same period last year, and more than Elon Musk’s company whose quarterly revenue was $25.2bn.
However, Tesla still sold more electric vehicle (EVs) than BYD in the third quarter.
It comes as EV sales in China have been getting a boost from government subsidies to encourage consumers to trade their petrol-powered cars for EVs or hybrids.
BYD also notched a monthly sales record in the last month of the quarter ... Read even more
