Electric cars: Chinese byd surpassed Tesla with a turnover of over $ 100 billion

The Chinese BYD electric vehicle colossus, which extends rapidly abroad, surpassed the rival, US company Tesla in 2024, recording a record turnover above the symbolic limit of $ 100 billion. The company, leading a leading position in the Chinese electric car market, the largest in the world, recorded a turnover of $ 777.1 billion ($ 107.2 billion) last year, exceeding $ 97.7 billion in Tesla. This is a 29% increase compared to 2023. Bloomberg analysts expected that the turnover would reach 766 billion yuan. Byd (Build your Dreams, in English) is based in Senzen and has spread to international markets, mainly in Europe, where it is conducting large advertising campaigns – among others it was a sponsor of Euro 2024 – and opens new delegations. While US Tesla has been in the consequences of Elon Musk’s involvement in Donald Trump’s government for a few weeks, the Chinese colossus announced net profits of 40.25 billion yan (5.55 billion. […]
Source: News Beast

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