BYD has dethroned Elon Musk’s Tesla as the top EV maker

News Snapshot:

BYD reported an increase in net profit for the final quarter of 2023 as it dethroned Elon Musk’s Tesla to become the top quarterly seller of electric vehicles in the world. Is Bitcoin a good speculative investment? CC Share Subtitles Off English view video Is Bitcoin a good speculative investment? The Shenzhen, China-based carmaker saw net profit increase 19% year-over-year during the last three months of the year, reaching 8.67 billion ($1.20 billion). Revenue grew 15% to 180.04 billion yuan ($24.9 billion). For the full year, BYD’s net profit climbed 81% to 30 billion yuan ($4.2 billion) and gross profit...