BYD Overtakes Tesla in Quarterly Sales for the First Time

Chinese automaker BYD has overtaken tesla in quarterly revenue for the first time, driven by surging global demand for hybrid vehicles. BYD’s third-quarter revenue reached $28.2 billion, compared to tesla’s $25.18 billion. This 24% revenue increase for BYD highlights the company’s strong market position as consumers opt for hybrid vehicles over pure electric models, driven by concerns about EV battery life and range.