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BYD, China's top electric vehicle manufacturer, expects its third-quarter net income to surge to $1.6 billion, nearly doubling previous figures. The company's robust sales and efficient cost management have put it on track to outsell even Tesla in the EV market. In contrast, Lucid, another major player in the industry, saw a 29% decrease in its EV production in the same quarter. This disappointing performance, coupled with the fact that Lucid only delivered 1,457 vehicles in Q3 against a forecast of 49,000 for the year, casts serious doubts on its ability to meet its full-year production target.
China's electric vehicle giant BYD sees Q3 net profit as much as doubling https://t.co/pXipIyvJeD https://t.co/PVJgfLqC0q
Lucid’s output of electric vehicles fell 29% on the quarter, raising questions about its ability to meet a full-year production target of more than 10,000 EVs https://t.co/xum4wbXzCN
Lucid’s output of electric vehicles fell 29% on the quarter, raising questions about its ability to meet a full-year production target of more than 10,000 EVs https://t.co/B5VikWC704
In Lucid's $LCID SPAC presentation from 2021 it forecasted it would deliver 49,000 vehicles this year Lucid announced today it delivered 1,457 vehicles in Q3 https://t.co/09NT2DavJ4
Lucid Air production plummeted in Q3 https://t.co/c2V1k6eNXI by @rdrv3
Looks like BYD is crushing it. The company is on the verge of selling more EVs than Tesla. And of course it also has its sales of hybrids on top of that. https://t.co/D2JX7u3aAH https://t.co/37hTQv2Byu
Lucid shares fall after third-quarter EV deliveries disappoint https://t.co/y5IWNg9wQl
🇨🇳🚗🔌 CHINA'S ELECTRIC VEHICLE GIANT BYD SEES Q3 NET PROFIT AS MUCH AS DOUBLING Full Story → https://t.co/rzpGsZoLq0 Chinese electric vehicle giant BYD on Tuesday said it expects third-quarter net profit to as much as double thanks to robust sales and effective cost control. https://t.co/WpDcXclbTF
NEW: BYD Reports Preliminary Net Income Jump on Record-High Sales via @business by @AirEVthingTRNSP https://t.co/LlDUycyTdP
Third-quarter earnings for the electric-vehicle maker are coming Wednesday evening. There will be a lot to digest. https://t.co/IcJ8bD9BbL
BYD, China’s top maker of electric cars, expects net income for the third quarter to come in as high as $1.6 billion https://t.co/mhZluFstoe