BYD Co. achieved remarkable financial results, with sales exceeding $100 billion last year, surpassing Tesla. The Shenzhen-based company reported a 29% revenue increase to 777 billion yuan ($107 billion), alongside a 34% rise in net income to 40.3 billion yuan. BYD's innovative electric and hybrid vehicles, featuring advanced technology, have captured significant market share. Despite Tesla's higher market valuation of $800 billion, BYD's stock soared, reflecting its expansive growth, with projections to sell up to 6 million vehicles this year and a 93% sales increase in the first two months of 2025.
BYD Co.'s revenue surpassed $100 billion last year, outpacing Tesla for the first time, driven by its extensive range of high-tech electric and hybrid cars.
BYD reported significant growth, with a 29% year-on-year revenue increase reaching 777 billion yuan, showcasing its dominance in the competitive EV market.
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