The Latest Breaking News from BYD

In August, global sales of plug-in electric cars exceeded 1.2 million units, which was the third best result ever (almost a new record).

While the analyst community has been quite generous in labeling several EV companies as the "next Tesla," most have failed to live up to the hype. However, I believe Xpeng Motors and Rivian are two strong contenders for the envied spot.

With the Chinese state providing them with virtually limitless cash, Nio and other Chinese EV makers can withstand big losses and keep growing.

Tesla sold 10% fewer cars in China last month than the same period a year earlier, according to new data from the China Passenger Car Association.

BYD Co (BYDDY ), China’s best-selling automaker, is closing the gap with Tesla (TSLA ) in becoming the world’s largest seller of electric vehicles (EVs). BYD Co sold 431,603 fully electric vehicles in the three months ended September 30, up +23% from the second quarter. Meanwhile, Tesla sold 435,059 EVs...

Global electric car sales rose by almost 50 per cent this year and while Australian sales are increasing they are still well below the world average.

The industry is poised for long-term growth supported by innovations and rising demand. While gambling stocks Esports Entertainment Group (GMBL) and Boyd Gaming (BYD) should benefit from the industry tailwinds, let us determine which stock is poised for better gains.

In September, BYD set its fifth consecutive plug-in electric car sales record, further approaching a level of 300,000 units a month.

BYD already beats Tesla when it comes to total sales. Now it's closing the gap on purely battery-powered cars as well.

Plug-in electric car sales in China continued to increase and in August reached an unprecedented level of 750,000 units.

The demand for EVs is racing far ahead of supply.