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

25 March 2025
in World
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Chinese EV giant BYD outpaces Tesla with annual sales of more than 0 billion
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Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, surpassing U.S. rival Tesla, with a 29% increase driven by hybrid vehicle sales. Chairman Wang Chuanfu highlighted BYD’s achievement of producing 10 million new energy vehicles, positioning the company as a global industry leader. BYD also unveiled a new battery technology that promises quick EV charging, potentially revolutionizing the electric vehicle market with 400km range in just five minutes of charging.

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