BYD’s Asian shares jump after it retains global EV crown
BYDs Asian shares rose after new data confirmed it retained the global battery electric vehicle (BEV) crown in Q3, though Tesla posted stronger quarter-on-quarter growth, tightening the race. Fast-growing Chinese EV makers like Geely, Leapmotor, and Xiaomi also gained share. Global new energy vehicles (NEV) sales continued accelerating, with both BEVs and PHEVs showing strong year-on-year gains.