5 reasons BYD is surging ahead after eclipsing Tesla's quarterly sales for the first time

By Business Insider | Nov 1, 2024 at 12:43 PM EST

BYD has surpassed Tesla in EV sales revenue for the first time, recording 201.1 billion yuan in Q3. The Chinese automaker's success is attributed to cheap electric vehicles, aggressive price cuts, expansion into luxury cars, and global market penetration.

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