BYD outraces Tesla in gross margin, R&D expenses for 1H23

Staff reporter, Taipei; Willis Ke, DIGITIMES Asia 0

Credit: AFP

Chinese top EV vendor BYD outraced Tesla in terms of R&D expenses and gross margins in the first half of 2023, with both its revenues and net profits for the period hitting record highs. Behind BYD's impressive performance, the competition in the...

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