Chinese auto giant BYD reported first-quarter earnings on Friday.The carmaker, one of Tesla's biggest rivals, saw its net profits double compared to last year.BYD's sales and profits have surged while Tesla fights falling sales and anger at CEO Elon Musk.

Chinese auto giant BYD continued to outpace Tesla in the first quarter, reporting a doubling in net profit on robust growth in its electric-vehicle business.The Chinese EV maker said Friday that its net profit surged to 9.

BYD Co.’s net income in the first quarter jumped to 9.15 billion yuan ($1.3 billion), overtaking Tesla Inc. on another key metric and signaling a robust start to the year for China’s no. 1 selling car brand.