With 24% increase in Q3 overtaking Tesla, BYD monthly revenues reach 500k with 24% increase.

Byd, a chinese automaker, has received some good news regarding its revenue lately, releasing its.

And also overtook tesla's 25.1 billion usd sales in q3, the first time in nearly three years that byd has outpaced its american rival.

The market responded to the news with declines in share prices, resulting in a decrease in profit growth of 11.61 billion rmb (1.63 billion usd) net profit, but byd lost more than 30 billion rmb (4.22 billion usd) net profit.

But byd's monthly sales of byd vehicles increased by more than 500,000 for the first nine months of the year, according to the average 18% rise in the first nine months of the year.

Both mainland and hong kong stock markets responded with over 5% share price, just over 5%, just over a month after hitting the 400,000 mark and doubled tesla's best month record of 211,000. byd's long-term investment in r&d has contributed to the company's impressive sales figures, according to pundits, who estimates that the brand's growth in the first nine months of 2024, which has increased by 33.32 billion rmb (4.69 billion usd) has contributed to the company's impressive sales figures.

That being said, october was certainly a good month for chinese evs in general, with a positive market and byd's own investment proving it.

Progress has been made in this area.