BYD

In October, China's power battery installations amounted to 59.2 GWh, up 51 percent year-on-year and up 8.6 percent from September.

BYD plans to use smart driving features as a weapon to drive sales growth next year, as the marginal effect from price advantage begins to wane, according to local media.

CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-September period, with the former seeing a slight decrease in share and the latter remaining unchanged.

BYD increased its production capacity by nearly 200,000 units in August-October and hired nearly 200,000 new people, with all production sites at full capacity, an executive said.

Denza said it has completed five showrooms in key areas of Thailand and will reach 10 sales outlets within the year.

Song family models continued to rank as the top-selling BYD models with record sales of 114,938 vehicles in October.

BYD sold 189,614 passenger BEVs in October, up 14.57 percent year-on-year, and 310,912 PHEVs, the eighth consecutive record high since March, up 129.30 percent year-on-year.

Denza will officially launch the Z9 on November 15, the first day of the 2024 Guangzhou auto show, after having started pre-sales of the sedan on August 20.

BYD formed a forward-looking team this week to focus on the use of end-to-end technology, according to local media.

In dollar terms, BYD posted revenue of $28.2 billion in the third quarter, significantly outpacing Tesla's $25.18 billion, after being essentially tied in the fourth quarter of 2023.