BYD Outpaces Tesla — Reports Over $28B in Q3 Revenue

Oct 30, 2024 · BYD’s quarterly revenue surged by 24% to $28.2 billion in local currency, slightly below the $28.3 billion forecast but well above Tesla’s $25.2 billion for the same period. Though BYD has been closing the revenue gap with Tesla for some time, this marks a significant …

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BYD Outpaces Tesla — Reports Over $28B In Q3 Revenue

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BYD Posts Record Q3 Net Income, Notably Outperforms Tesla On …

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Oct 30, 2024 · In dollar terms, BYD posted revenue of $28.2 billion in the third quarter, significantly outpacing Tesla's $25.18 billion, after being essentially tied in the fourth quarter of …

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Chinese EV Maker BYD’s Revenue Beats Tesla For First Time

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Oct 31, 2024 · With third-quarter revenue up 24% on year to 201.1 billion yuan ($28.24 billion), BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July …

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BYD Surpasses Tesla In Q3 Revenue With Record-Breaking Sales

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In the third quarter of 2024, BYD achieved a major milestone by generating 201.1 billion yuan ($28.2 billion) in revenue, a 24% increase compared to the same quarter in the previous year. …

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BYD Takes The Lead: Surpassing Tesla With Unprecedented …

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Oct 30, 2024 · According to BYD, the company reported record-breaking Q3 revenue of RMB 201.1 billion ($28.2 billion), representing a 24% increase year-over-year and surpassing …

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China’s BYD Posts 24% Rise In Q3 Revenue To $28B

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Chinese electric vehicle (EV) giant BYD reported a 24% rise in third-quarter revenue to $28.2 billion (RMB 201.1 billion), surpassing Elon Musk’s Tesla for the first time since the two …

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BYD Surpassed Tesla In Quarterly Revenue For The First Time In …

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Dec 2, 2024 · What Happened: The Shenzhen-based company, which surpassed Tesla in quarterly revenue for the first time with $28 billion versus Tesla’s $25 billion in the third quarter …

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BYD Reports Strong Q3 Growth With 11.5% Profit Increase

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Oct 31, 2024 · Revenue Growth and Competitive Landscape BYD's revenue soared by 24% year-over-year to 201.1 billion yuan ($28.24 billion) , surpassing Tesla's quarterly revenue of $25.2 …

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BYD Surpasses Tesla In Q3 Earnings - Tech In Asia

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Oct 31, 2024 · In the third quarter, BYD posted earnings of over 200 billion yuan (US$28.2 billion), marking a 24% increase from the same quarter last year. Meanwhile, Tesla’s revenue totaled …

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BYD Revenue Beats Tesla For First Time; Q3 Sales Surge 24% To 201 ...

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Oct 30, 2024 · BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone …

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BYD Surpasses Tesla In Q3 Revenue Amid EV Surge

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Oct 30, 2024 · With third-quarter revenue up 24% on year to 201.1 billion yuan ($28.24 billion), BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July …

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EV Giant BYD Overtakes Tesla On Revenue For The First Time

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Oct 30, 2024 · Heading into the Q3 earnings report, analysts expected BYD to generate $35.71 billion in sales. That would hit $105.938 billion for 2024, up from $83.324 billion in 2023 and …

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BYD Revenue Eclipses Tesla For First Time As EV Giants Go Head To …

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Oct 30, 2024 · BYD's revenue soared 24% y-o-y to RMB201.1 billion (US$28.2 billion or $37.37 billion) for the three months ending Sept 30, exceeding Tesla whose sales hit US$25.2 billion …

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BYD Q3 Earnings: Profit Jumps 12%; Revenue Tops Tesla

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Oct 30, 2024 · Third-quarter revenue at China’s best-selling automaker soared 24 percent to 201.1 billion yuan ($28.2 billion), short of estimates but exceeding Tesla’s $25.2 billion in sales …

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FAQs about BYD Outpaces Tesla — Reports Over $28B in Q3 Revenue Coupon?

Did BYD beat Tesla in Q3 2024?

Chinese EV manufacturer BYD released its revenue report for Q3 2024 to beat out Tesla. This is the first time it has achieved this feat in a competitive EV market. BYD reported revenue of 201.1 billion yuan (about $28.2 billion), which was significantly more than Tesla’s $25.2 billion. ...

What is the difference between BYD and Tesla?

Meanwhile, its Chinese counterpart, BYD, saw a profit increase of 11.5% in the same period to 11.6 billion yuan. Tesla also remains on top in year-to-date sales with $71.98 billion, slightly edging out BYD’s estimated $70.53 billion total revenue. At least half of BYD’s sales are hybrid vehicles, whereas Tesla’s vehicles are battery-only. ...

How many EVS did BYD sell in September?

Last month, BYD sold 252,647 PHEVs, up 88% year over year. Through September, the company has sold nearly 1.6 million PHEV models. BYD’s EV sales are also picking up. With another 164,956 sold in September, the company sold a total of 443,426 EVs in the third quarter. ...

Will BYD be able to compete with cheaper car prices?

Its domestic car industry has grown rapidly over the past two decades and its brands, such as BYD, have begun moving into international markets, prompting fears from the likes of the EU that its own companies will be unable to compete with the cheaper prices. ...