Tesla Rival BYD Marks 68% Growth In November Sales Driven By Popularity Of Plug-In Hybrid EVs
Tesla Rival BYD Marks 68% Growth In November Sales Driven By Popularity Of Plug-In Hybrid EVs
The company also sold 2,801 commercial vehicles in November, including 449 buses.Chinese EV giant BYD Co Ltd. (OTC:BYDDY) (OTC:BYDDF) said on Sunday that the company sold 506,804 new energy passenger vehicles in November, marking a jump of nearly 68% from last year, thanks to a major jump in plug-in hybrid passenger vehicle sales.
中国新能源汽车巨头比亚迪股份有限公司（BYD）在周日表示，该公司在11月销售了506,804辆新能源乘用车，较去年同期增长近68%，这主要得益于插电混动乘用车销量大幅增长。
What Happened: Pure passenger EV (battery electric vehicle) sales of the Chinese player rose to 198,065 in November, marking a rise of 16.4% from the corresponding month of last year.
事件详情：中国厂商的纯电动乘用车销量在11月上升至198,065辆，较去年同期增长16.4%。
Plug-in hybrid passenger vehicle sales in the period rose 133% to 305,938 units.
该时期插电混动乘用车销量上升133%至305,938辆。
The company also sold 2,801 commercial vehicles in November, including 449 buses.
该公司还在11月销售了2,801辆商用车，其中包括449辆公交车。
Why It Matters: BYD is the biggest rival to American EV giant Tesla Inc. (NASDAQ:TSLA). The company took over Tesla as the world's largest BEV seller in the fourth quarter of 2023. However, Tesla took back the crown in the first quarter of 2024 and has been holding on to it since.
为什么重要：比亚迪是美国电动车巨头特斯拉公司（纳斯达克股票代码：TSLA）最大的竞争对手。该公司在2023年第四季度取代特斯拉成为全球最大的纯电动乘用车销售商。然而，特斯拉在2024年第一季度夺回了冠军，并自那时起一直保持领先地位。
For the third quarter between July and September, BYD's operating revenue rose 24% to 201.12 billion yuan ($28.25 billion), the company said in a filing.
对于7至9月这个第三季度，比亚迪的营业收入增长了24%，达到2011.2亿元人民币（282.5亿美元），该公司在提交的文件中表示。
Tesla, meanwhile, reported a total revenue of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped Elon Musk's EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.
与此同时，特斯拉在同一季度只报告了251.8亿美元的总收入，这是自2022年以来比亚迪首次在季度收入方面胜过埃隆·马斯克领导的电动汽车巨头特斯拉。比亚迪已于2022年3月停止生产燃油发动机车辆，以专注于电动汽车。
Despite reporting higher revenue than Tesla in the third quarter, BYD's net profit continued to trail behind Tesla's net income of $2.167 billion. The company reported a diluted earnings per share of 4 yuan (56 cents) for the quarter, lower than Tesla's adjusted earnings per share of 72 cents. Tesla, however, makes only battery electric vehicles, unlike BYD which also manufactures plug-in hybrids.
尽管在第三季度报告的营业收入高于特斯拉，但比亚迪的净利润仍继续落后于特斯拉的净利润21.67亿美元。该公司报告该季度每股摊薄收益为4元（56美分），低于特斯拉的调整后每股收益72美分。然而，特斯拉只生产纯电动汽车，而比亚迪也制造插电混动汽车。
BYD Executive Vice President He Zhiqi said on Weibo in November that the company hired over 200,000 people from August to October for car and components manufacturing and increased production by nearly 200,000 vehicles.
比亚迪执行副总裁何志奇在2023年11月份的微博上表示，该公司从8月至10月为汽车和元件制造业招聘了超过20万名员工，并将产量增加了将近20万辆车。
In November alone, the company made 540,588 new energy vehicles as compared to 316,510 in the corresponding month of 2023.
仅仅在11月，该公司制造了540,588辆新能源车，相比于2023年同月的316,510辆。
Check out more of Benzinga's Future Of Mobility coverage by following this link.
查看更多Benzinga的未来出行报道，请点击此链接。
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照片提供：shutterstock
