Chinese electric car manufacturer by Discounted profits to $ 1.3 billion in the first quarter as he continues to cross his main rival, Tesla by Elon Musk.
The annual annual revenue-based income firm, exceeded last month of Tesla to exceed quarterly $ 100 billion Mark-Said revenue increased 36% to 170.36 billion yuan, or about $ 23.51 billion for China’s best-selling car brand.
By comparison, Tesla – which fought from the fiercest competition in China, a formation of aging vehicles and public reactions from Musk’s work with the Government Efficiency Department – earlier this week reported its three -month profit further 71% to $ 409 million.
Total byd sales of electric vehicles and plug-in hybrids increased 60% to nearly 1 million in the first quarter. Tesla vehicle shipments – a narrow representative for sale – drowned 13% in 336,681 for the same period.
The company has said it wants to export 800,000 vehicles to international markets this year as part of a 5.5 million -free sale.
While reporting the post, Byd has emerged as a major threat to US automotives, including Tesla and Big 3 of Detroit Ford, GM and Stellanis, thanks to its rapid expansion in major markets such as Europe, Mexico and South America.
Byd has discovered innovations such as the five-minute loading of his EVs and an autonomous direction system called the “Eye of God”. However, Tesla is still thought to have an advantage in her software rival.
Byd does not sell her vehicles in the second US for massive tariffs in the Chinese EVs. However, the company is known to produce up to 80% of its home car components, which has isolated it from the escalation of the Tit-Tat tariffs imposed by the US and China.
Meanwhile, Musk – who has faced strokes from analysts over the Tesla brand crisis – discovered earlier this week that he expects that “separating his time for Doe will fall into the meaning” by the end of March.
The billionaire said he would dedicate most of his time Tesla, though he would continue to “spend a day or two for weeks for government issues as long as the president would like it.”
Musk’s exit was already in the second work on federal rules mandated by Special Government employees (SGE) can only remain in their post 130 consecutive days. This would set his last day on May 30.
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