Chinese EV giant BYD surpasses rival Tesla with record 2024 revenue

ByD, the Chinese automotive company, continues to set the tone and in its account of results forwarded to the Hong Kong Stock Exchange, noted that in 2024 it obtained net profits of 40,254 million yuan (US$5,549 million), being the highest figure in the history of the company and 34% more than the previous year. Such numbers, above what was predicted by analysts, came from hand with a 29% increase in turnover, for a total of 777,102 million yuan…

BYD Advances Its "All EVs Great And Small" Strategy - CleanTechnica

BYD is accelerating along its path to the future with the introduction of two new models that undercut the competition in features and price. The post BYD Advances Its “All EVs Great And Small” Strategy appeared first on CleanTechnica.

BYD Surpasses Tesla in Annual Revenue as Competition Intensifies in the EV Market

In a major milestone for the electric vehicle (EV) sector, Chinese automaker BYD has reported a record-breaking annual revenue of 777 billion yuan ($107 billion) for the year 2024, surpassing its U.S. rival, Tesla, in terms of financial performance. This remarkable achievement highlights the growing strength of BYD in the global EV market and underscores the intensifying competition between the two leading electric vehicle manufacturers. A 29% R…

BYD Is Suddenly Crushing Tesla

Chinese EV maker BYD is absolutely crushing Tesla, leapfrogging the Elon Musk-led company by passing the $100 billion mark in revenue last year. As Agence France-Press reports, the Shenzhen-based manufacturer has quickly emerged as the clear leader in China's burgeoning EV market — and increasingly looking like a global contender — by beating out Tesla's $97.7 billion in revenue last year. It's a notable inflection point, showing that the embatt…

Chinese EV giant BYD overtakes Tesla with annual sales topping $100 billion US

Tesla's Chinese competitor BYD recorded a 73 per cent jump in fourth-quarter profit on Monday and said its annual revenue for 2024 crossed the $100 billion US mark, surpassing the U.S. automaker.

Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion

China's BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, leapfrogging Tesla as competition between the two EV rivals heats up.