BYD overtook Tesla for the first time in quarterly sales, as customers worldwide snapped up automobiles that are driven by hybrid petroleum-electric power trains to assuage lingering concerns about battery-powered electric vehicles (EVs).
Sales at the Shenzhen-based carmaker, the world’s largest assembler of hybrids and pure EVs, jumped 24 per cent to 201.12 billion yuan (US$28.2 billion) in the three months that ended on September 30, more than Tesla’s US$25.18 billion in third-quarter revenue, according to the two companies’ results.
