Chinese EV maker BYD's quarterly revenue beats Tesla's for first time in Q3

Chinese EV maker BYD's quarterly revenue beats Tesla's for first time in Q3

FILE PHOTO: Members of the press and the general public check out the Atto 3 electric SUV made by Chinese carmaker BYD, at the Fully Charged Live electric vehicle trade show in Farnborough, Britain, April 28, 2023. REUTERS/Nick Carey/File Photo

Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives.