Chinese automaker BYD has surpassed Tesla in annual revenue for 2024, reporting over $107 billion compared to Tesla's $97.7 billion. This achievement comes on the heels of a 34% increase in net profit, reaching $5.56 billion, driven by innovation in EV technology and a robust presence in the competitive Chinese market. BYD's advancements, such as a next-gen charging system and enhanced driver assistance features, have strengthened market confidence, leading to significant stock growth. Meanwhile, Tesla faces challenges with declining sales and market value amid concerns regarding CEO Elon Musk's focus.
BYD's 2024 revenue surpassed $107 billion, exceeding Tesla's $97.7 billion, marking a significant shift in the competitive landscape of the electric vehicle market.
The company's impressive revenue growth reflects a 34% rise in net profit, attributed to technological innovations and successful expansion in the EV sector.
Collection
[
|
...
]