BYD’s sales soar as Chinese carmaker captures world’s attention
China’s automotive powerhouse outpaces Tesla in revenue while expanding globally, signaling a shifting balance of power in the electric vehicle industry.
BYD’s growing lineup of electric and hybrid vehicles, which helped the Chinese automaker surpass $100 billion in annual revenue and outpace Tesla in total sales volume in 2024. The company's innovative features, including rapid charging technology and advanced driver assistance systems, have fueled its 51% stock rise this year. Image: Bloomberg News
BYD’s growing lineup of electric and hybrid vehicles, which helped the Chinese automaker surpass $100 billion in annual revenue and outpace Tesla in total sales volume in 2024. The company's innovative features, including rapid charging technology and advanced driver assistance systems, have fueled its 51% stock rise this year. Image: Bloomberg News