<ul><li>Chinese auto giant BYD, one of Tesla's biggest rivals, reported a doubling of its net profits in the first quarter compared to the previous year.</li><li>BYD's net profit increased to 9.15 billion yuan ($1.3 billion), surpassing Tesla's net income of $409 million for the same period.</li><li>Operating revenues for BYD also rose 37% to 170.4 billion yuan ($23.3 billion) in the first quarter, with earnings per share up 99%.</li><li>BYD continues to surpass Tesla in key financial metrics, with its aggressive expansion strategies and growing sales.</li></ul>

BYD, Tesla's biggest rival in China, just doubled its profits

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