SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Chinese BYD overtakes Tesla – once again

Chinese BYD has already previously surpassed Tesla from the position as the world's largest manufacturer counted in the number of chargeable cars. In the third quarter of the year, BYD also surpassed Tesla in terms of revenue.

» Published: 30 October 2024

Chinese BYD overtakes Tesla – once again
Photo: Alex Brandon AP/TT

BYD's sales revenue soared to 201.0 billion yuan in the third quarter, an increase of 24 percent. This corresponds to 28.2 billion dollars (approximately 300 billion kronor).

Tesla's sales revenue was 25.2 billion dollars (around 270 billion kronor) during the same quarter.

BYD's net profit in the third quarter increased by 11.5 percent to a record high of 11.6 billion yuan – significantly better than expected.

The number of delivered rechargeable cars from BYD in the quarter amounted to 1.12 million. This can be compared to Tesla's 462,890 delivered electric cars in the third quarter.

A key area in the race between BYD and Elon Musk's electric car giant, where Tesla still has an advantage, is the delivery volume of fully battery-driven electric cars – where Tesla's 462,890 can be compared to 443,426 battery-driven cars delivered by BYD.

Tesla can also be pleased that the company is significantly higher valued by the market than BYD, with a market value of 833 billion dollars. This can be compared to BYD's 119 billion.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Banker led a broad upswing on Wall Street
1 MIN READ

Banker led a broad upswing on Wall Street

Tiktok may shut down for Americans on Sunday
1 MIN READ

Tiktok may shut down for Americans on Sunday

Unexpectedly Low Core Inflation in the USA
1 MIN READ

Unexpectedly Low Core Inflation in the USA

USA: Mortgage interest rate exceeds 7 percent
1 MIN READ

USA: Mortgage interest rate exceeds 7 percent

Summer Train Malmö-Oslo Launched on a Trial Basis
1 MIN READ

Summer Train Malmö-Oslo Launched on a Trial Basis

USA's banks are doing better than expected
2 MIN READ

USA's banks are doing better than expected

Blackrock: Record in customer investments
1 MIN READ

Blackrock: Record in customer investments

This is how nuclear power will be accelerated
2 MIN READ

This is how nuclear power will be accelerated

Slight increase in European industrial production
1 MIN READ

Slight increase in European industrial production

Ahead of the Davos Meeting: War the Greatest Threat
1 MIN READ

Ahead of the Davos Meeting: War the Greatest Threat

German economy continues to shrink
2 MIN READ

German economy continues to shrink

Thedéen: Likely with another interest rate cut
3 MIN READ

Thedéen: Likely with another interest rate cut

Continued low inflation pressure in France
1 MIN READ

Continued low inflation pressure in France

A Record Number of Tourists Visited Japan in 2024
1 MIN READ

A Record Number of Tourists Visited Japan in 2024

Skandia raises fixed mortgage rates
1 MIN READ

Skandia raises fixed mortgage rates

Two British Interest Rate Cuts in Sight
1 MIN READ

Two British Interest Rate Cuts in Sight

Cheaper Electricity and Gasoline Push Down Inflation
2 MIN READ

Cheaper Electricity and Gasoline Push Down Inflation

Strong Stock Market Rally Following Positive US Figure
1 MIN READ

Strong Stock Market Rally Following Positive US Figure

Housing Construction Recovers
1 MIN READ

Housing Construction Recovers

Highest Unemployment in Three Years
2 MIN READ

Highest Unemployment in Three Years