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Chinese automaker BYD is gaining ground on Tesla in the electric vehicle (EV) sales race, delivering a record number of EVs for a sixth consecutive month. In October, BYD delivered 165,505 battery electric vehicles, a 60% increase compared to the same period last year. The company's success is attributed to strong overseas sales and the growing demand for self-driving technology. BYD's surge in profits and robust sales in Q3 also contributed to its rise in the global EV and battery markets. Chinese EV startups Xpeng and Li Auto also reported record-breaking sales in October.
Chart of the Day: BYD sold far and away more new-energy vehicles than its newer Chinese competitors in October, despite their strong sales. https://t.co/xbjTiR5do2 https://t.co/Oxq4tXPotO
In 50 Words: Chinese auto parts makers eye overseas markets amid EV boom https://t.co/tYzIpqssAl
Xpeng and Huawei-backed EV maker set new delivery records as demand grows for self-driving tech https://t.co/T5fgPEH2qx
China saw strong overseas demand for China-made commercial vehicles, with #exports soaring 30.2% YoY to 549,000 units in the first nine months of 2023, the latest data showed. https://t.co/CaxcieWG0G
Chinese EV startups Xpeng, Li Auto deliver a record number of cars in October https://t.co/ez4DIUr7WV
My latest: BYD Gains on Tesla for EV Sales Crown With Another Record Month via @business by @AirEVthingTRNSP https://t.co/5Wbecttz3j https://t.co/TaeeynCR6N
BYD Gains on Tesla for EV Sales Crown With Another Record Month https://t.co/W1qzlxOIGB
BYD delivered 165,505 battery electric vehicles in October, up 60% year over year. https://t.co/V7X2E2008j
China's service trade value grew 7.7% YOY in the first nine months of 2023, hitting 4.82 trillion yuan ($672 billion) during the period, data from the Ministry of Commerce showed. https://t.co/Xm91hE9iXL
BYD announces EV deals to finish year strong after record sales for a sixth consecutive month https://t.co/QQP5fthGgK by @scooterdoll
Two Chinese industry giants now dominate the global EV and battery markets. Both companies owe their ascent to massive Chinese subsidies as well as their corporate connections with powerful CCP institutions, @CraigMSingleton writes. https://t.co/LrKBnw2ee8
The three Chinese electric-vehicle makers deliver more than 76,000 units in October. https://t.co/baQgRSd6Wt
BYD reports surging profits and robust overseas sales in Q3 https://t.co/smd2l4XhZh
Big 3 automaker launches new electric brand with Chinese partner https://t.co/UcZT3n6IYy