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BYD introduced their 3Q financials this week.
To summarize, nearly all the pieces is up, quarter on quarter and yr on yr: gross sales, income (now greater than Tesla), internet revenue, earnings per share, shareholder fairness … all up by double digits. Gross margin can also be up for Automotive, Electronics, and total (persevering with to be increased than Tesla).
However BYD isn’t simply sitting on piles of money. Digging within the financials somewhat additional, R&D expenditures are up 33.61%, outpacing income and earnings. And one of many few metrics not on the rise is internet cashflow, as BYD is growing spending on growth. Not squirreling away money proper now signifies uncommon optimism, particularly when automakers like Ford and Volkswagen are sending out warnings.
Maybe probably the most noteworthy side of the 3Q report, past the continued progress, is how steady and regular it’s. No enormous surprises or monetary trickery. In a world the place unwelcome surprises appear to occur increasingly more typically, it’s a bit refreshing.
And whereas BYD’s anticipated monetary report won’t seize a lot in the best way of headlines, the continued funding in R&D and progress will doubtless result in some clear expertise merchandise that deserve consideration. And for a web site like CleanTechnica, isn’t that what actually issues anyway?
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