Chinese electric vehicle maker BYD reports 2024 revenue over $100B, topping Tesla's sales
- 25.03.2025 05:07
- newsday.com
- Keywords: BYD, Tesla
Chinese electric vehicle maker BYD reported record revenue of $107 billion in 2024, surpassing Tesla's $97.7 billion, driven by a 40% surge in EV and hybrid sales. The company sold nearly 4.3 million vehicles globally, with 80% of its revenue tied to automotive businesses, and continues to expand exports despite facing tariffs in key markets like the U.S. and EU.