China’s biggest electric vehicle maker BYD has posted higher quarterly revenues than US rival Tesla for the first time, but a bruising price war in its domestic market dragged on its profitability.
中国最大电动汽车制造商比亚迪(BYD)报告的季度营收首次高于美国竞争对手特斯拉(Tesla)，但国内市场的惨烈价格战拖累了其盈利能力。
BYD revenues for the third quarter reached Rmb201bn ($28.2bn), surpassing the $25.2bn sales that Tesla reported last week. The Warren Buffett-backed carmaker sold a record 1.1mn cars in the three-month period, boosted by a new round of Chinese government subsidies for EVs.
比亚迪第三季度营收达到2010亿元人民币（合282亿美元），超过特斯拉上周报告的252亿美元销售额。受中国政府新一轮电动汽车补贴的推动，沃伦•巴菲特(Warren Buffett)支持的这家汽车制造商在该季度实现创纪录的110万辆汽车销量。
However, the 24 per cent increase in sales reported on Wednesday came at the expense of BYD’s gross margins, which slipped from 22.1 per cent last year to 21.9 per cent. Net income was Rmb11.6bn, rising 11.5 per cent from a year earlier.
然而，周三报告的24%的销售额增长是以牺牲比亚迪的毛利率为代价的；毛利率从去年的22.1%下滑至21.9%。净利润为116亿元人民币，同比增长11.5%。