For the first half of 2023, BYD reported an operating profit of $35.858 billion, up 59.56% from a year earlier. In addition, the net profit was 1.51 billion US dollars, up 181.47% compared to the same period last year.
In the first half of 2023, BYD reached another milestone with 1.25 million vehicle sales, a significant 95.3% year-over-year growth. In the first half of 2023, BYD posted a gross profit of 18.3% and a net profit of 4.4%.
In seven months, car sales amounted to 1.5178 million units, up 88.81% compared to the same period last year. Notably, PHEV accounted for around 757,700 units of these sales, representing a 91.4% year-over-year increase.
In the first half of 2023, BYD committed $1.907 billion to research and development (R&D), up 135.62% from a year earlier. This investment in R&D significantly exceeded the company’s net income in the same period and outpaced Tesla’s R&D spending in the same period.
BYD’s auto and related parts business contributed 80.28% of BYD’s total revenue.
The most expensive cars on eBay: the eight-year-old Ferrari LaFerrari is in the lead
The 2015 Ferrari LaFerrari is currently the most expensive car on eBay. A total of 499 cars were produced.
The car was unveiled at the Geneva Motor Show in March 2013 and went into production in June. US models were built between 2014 and 2016, while Ferrari LaFerraris for the rest of the world were built between 2013 and 2016.
This is Ferrari’s first full hybrid and the company’s most powerful car at the time. It is powered by a rear-mid-mounted 6.3-liter direct-injection V12 engine that revs to 9,250 rpm and produces 800 hp. and a torque of 700 Nm, working together with a KERS unit with a power of 163 hp. The total system power reaches 963 hp. It accelerates from 0 to 97 km/h in 2.7 seconds and covers the quarter mile in 10.2 seconds, with a top speed limited to 355 km/h.
The car is painted Nero Daytona black. The fog lamp surrounds, side mirrors, and wheel caps are made of matte carbon fiber. The car features 20-inch forged wheels painted black with carbon ceramic brakes and black calipers.
The eBay listing claims the car is in new condition. In eight years he traveled 1316 km. For this copy they are asking $4,350,000.
Second place on eBay is held by a 1960 Aston Martin DG4GT Zagato worth $3,790,000. Third went to the 2020 Lamborghini Sian FKP 37, for which the seller is hoping to fetch $3,599,950.
Mitsubishi teases a completely new type of mystery car
Mitsubishi is working on a new vehicle aimed at outdoor enthusiasts, which it plans to unveil next month at the Japan Mobility Show 2023.
The manufacturer published a single teaser and confirmed that the mystery car will be electrified to some extent. Mitsubishi says it provides “peace of mind in any weather and on any road”, hinting at all-wheel drive.
Perhaps it’s a minivan or even a motorhome. The single image shows the silhouette of a tall car with T-shaped daytime running lights flanked by an illuminated Mitsubishi logo. An additional set of headlights is installed vertically.
At the upcoming event, Mitsubishi intends to showcase “a unique, fulfilling mobile lifestyle that awakens the spirit of adventure in drivers.”
Japan Mobility Show 2023 will be held at the country’s largest exhibition center, Tokyo Big Sight, from October 25 to November 5.
Alfa Romeo has become profitable and is set to break its car delivery record, which has stood for more than 30 years.
In an interview with Autocar, CEO Jean-Philippe Imparato said Alfa Romeo was already profitable, adding that the future looked bright. The company’s CEO estimates that annual deliveries could reach 90,000 vehicles in 2023, with a significant increase by the middle of the decade.
Imparato predicts Alfa Romeo will break its sales record in 2025, which sounds like an ambitious target given the brand’s record of 223,643 units. It was recorded back in 1990, when the lineup was much more diverse than it is today. In 2024, the family will expand with the release of a small crossover, positioned below the Tonale. The B-segment crossover, sister to the Fiat 600 and Jeep Avenger, will be the first Alfa Romeo model to offer a purely electric powertrain.
Imparato noted that Alfa Romeo is not chasing volumes, but is prioritizing profit margins, which he hopes will reach at least 10%. He added that healthy cash flow will create new opportunities for additional vehicles. The CEO suggested that a revival of the Giulietta was possible in the long term. This compact hatchback was discontinued at the end of 2020.
The next-generation Giulia and Stelvio have already been confirmed to switch to an all-electric powertrain in the coming years, with larger US-focused models planned for the second half of the decade.
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