EV sales in China this year have been boosted by a Beijing-led program that offers a subsidy of over $2,800 to any consumer who trades in their internal combustion engine vehicle for an EV or hybrid.

Marketplace's China correspondent Jennifer Pak ... revenues than Tesla for the first time. Tesla still led in net profits and sales of pure electric vehicles. BYD also sells plug-in hybrid cars ...

EV and battery research firm Rho Motion reported that global electrified vehicle sales jumped 25% to 17.1 million units sold. China led the way, with 40% growth and 11 million units sold. “After the ...