US EditionChinese EV giant BYD surpasses rival Tesla with record 2024 revenue
- BYD's net profit increased by 73.1% in the fourth quarter of 2024, reaching 15 billion yuan due to lower prices and higher sales than rivals.
- In 2024, BYD generated record revenue of 777.1 billion yuan and became the leader in China's car sales with 4.25 million vehicles sold.
- BYD aims to expand in Europe with a new compact electric model and fast charging technology to compete with local brands.
- BYD Vice-President Stella Li stated that 'registration numbers will jump' in Europe during March and April, indicating expected growth.
325 Articles
325 Articles
The famous brand BYD has put an end to one of the biggest problems of electric cars, its long recharge times, but of course this will alter its competition, especially Tesla who was striving with great innovations to not lose his leadership Will this be the big step for BYD to take the lead? Goodbye to pauses to recharge In search of a more respectful mobility with our planet, electric cars have become increasingly famous, as unlike traditional …
Five Things To Know As BYD's 5-Minute EV Chargers Juice Up Next Week
Five Things To Know As BYD's 5-Minute EV Chargers Juice Up Next Week Less than two weeks after China's BYD unveiled game-changing EV charging technology capable of delivering 1,000 kW fast charges and adding 250 miles of range in just five minutes, BloombergNEF analysts published a note Wednesday titled "Five Things to Know About BYD's Five-Minute Charging." BloombergNEF EV analyst Ash Wang told clients that BYD's 1,000 kW chargers are "as fast …
The Shenzhen-based firm said revenue rose 29 percent to 777 billion yuan ($107 billion; £83 billion), boosted by sales of its hybrid vehicles. That surpassed the $97.7 billion reported by Elon Musk's Tesla, according to Yahoo Finance.BYD just launched a lower-priced car to rival Tesla's Model 3, which has long been China's best-selling electric vehicle.
Other competitors also predict progress in this direction.
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