Byd Co. Last year, a sign of $ 100 billion, Elon Musk’s jumped Timing Inc. On revenues, as the Chinese car giant finds consumers with a group of electric and hybrid cars packed with high -tech features.
Shenzhen -based BYD has reported revenue of 777 billion yuan (107 billion dollars) for a period of 12 months ending December 31, an increase of 29 %, according to a file late Monday, overcoming estimates of 766 billion yuan. Tesla’s revenue 2024 amounted to $ 97.7 billion. The Chinese Net EV’s net EV increased by 34 % year on an annual basis to 40.3 billion yuan, overcoming the estimates of analysts 39.5 billion yuan.
BYD rapidly rose to the top of the car market in China – the largest and largest in the world in terms of electric cars. This year alone, BYD revealed a new ecosystem that allows EVS to charge 400 km inOnly five minutesThe advanced driver assistance technology was provided in its simplest models. Investors sent their shares to a record, and the BYD shares listed in Hong Kong rose by 51 % this year.
BYD also sells the same number of EVS as Tesla – 1.76 million in 2024 for 1.79 million – but when all other hybrid cars are included, it is much larger. The total delivery of BYD last year increased to 4.27 million, approximately, approximately Ford Motor a company
BYD expects that he could sell between 5 million to 6 million cars this year. It has already started to a strong start, as sales increased in the first two months from 2025 by 93 % on an annual basis to 623300 units.
Read more: Cheap Chinese cars take roads around the world
One of the areas where Tesla still clearly leads to the evaluation of the market. The value of the American auto industry is about 800 billion dollars, despite the defeat of stock prices that have witnessed shares declining 38 % this year. BYD has a market value closer to $ 157 billion.
Musk’s EV Maker also earns more money on an absolute basis; The net income of Tesla last year amounted to $ 7.6 billion.
But while Tesla is losing in China-the shipments have declined there during the past five months in a row on an annual basis-winning. China is still far from the largest BYD market, as it requires a share ofNearly 15 %Not only for new energy vehicles but any type of passenger cars.
BYD does not sell passenger cars in the United States yet due to the punitive definitions of cars made in China, but they have achieved large roads in the markets in Europe, and places in Asia such as Singapore and Thailand, as well as Australia.
In a statement planning the company to continue to enhance research and development while enhancing its competitiveness of the product, including its focus on success outside China, said Wang Chuanfo, the company’s board of directors, in a statement planning the company to continue to enhance research and development while enhancing its competitiveness of the product, including its focus on success outside China.
He also said that the Chinese brands of cars in the era of cars driven by intelligence are no longer just followers, but at the forefront of the direction. He said, “They dare to be first in the world and cooperate with other local brands to go to the world and raise the value chain.
This story was originally shown on Fortune.com
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