BYD sold 502,657 new energy-vehicles (NEVs) in October, surpassing the 500,000 mark for the first time, up 66.53 percent year-on-year and 19.84 percent from September.

So far this year, BYD has sold 3,250,532 NEVs, up 36.49 percent year-on-year.

Shenzhen-based BYD notched up another milestone last month when it reported revenue for the third quarter that surpassed Tesla Inc.

The carmaker’s revenue soared 24% to 201.1 billion yuan ($28.2 billion) for the three months that ended in September, falling short of estimates but exceeding Tesla’s $25.2 billion in sales for the same period. Net income increased 11.5% to a record 11.6 billion yuan, beating estimates.