China's BYD overtakes Tesla revenue for first time
The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla's for the first time.
It posted more than $28.2bn in revenues between July and September. This is a 24% jump from the same period last year, and more than Elon Musk's company whose quarterly revenue was $25.2bn.
However, Tesla still sold more electric vehicles (EVs) than BYD in the third quarter.
It comes as EV sales in China have been getting a boost from government subsidies to encourage consumers to trade their petrol-powered cars for EVs or hybrids.
bbc.com/news
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