China’s BYD profit advances ‘as it overtakes Tesla as top EV seller,’ WSJ says

Chinese vehicle maker BYD (BYDDF) reported an increase in profits for the quarter “as it overtook Tesla (TSLA) as the top global seller of electric vehicles on a quarterly basis,” reports Kosaku Narioka for the Wall Street Journal. “The Chinese electric-vehicle maker said Tuesday that net profit climbed 19% from a year earlier to 8.67 billion yuan, $1.20B, for the final three months of last year,” added the WSJ story. Other companies in the EV space include Li Auto (LI) XPeng (XPEV) and Fisker (FSR).