With $107 billion revenue in 2024, and sales of 4.3 million vehicles, Chinese EV maker BYD roars past Tesla

March 25, 2025

, By The Economic Times

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Chinese carmaker BYD has reported impressive growth for 2024, surpassing Tesla in revenue. The company earned 777.1 billion yuan ($107.2 billion), significantly higher than Tesla’s previously reported revenue of $97.7 billion.

BYD also posted a net profit of 40.3 billion yuan, a 34% increase from 2023, marking a record high. In January, the company revealed that it sold nearly 4.3 million vehicles last year, a 40% increase over the previous year.

The Chinese company’s strong results come at a time when Tesla is struggling, with a 71% drop in net…

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With $107 billion revenue in 2024, and sales of 4.3 million vehicles, Chinese EV maker BYD roars past Tesla

March 25, 2025

, By The Economic Times

Chinese carmaker BYD has reported impressive growth for 2024, surpassing Tesla in revenue. The company earned 777.1 billion yuan ($107.2 billion), significantly higher than Tesla’s previously reported revenue of $97.7 billion.

BYD also posted a net profit of 40.3 billion yuan, a 34% increase from 2023, marking a record high. In January, the company revealed that it sold nearly 4.3 million vehicles last year, a 40% increase over the previous year.

The Chinese company’s strong results come at a time when Tesla is struggling, with a 71% drop in net…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

X’s director of engineering Haofei Wang departs amid leadership shifts

Next News

Quantum computing startup PsiQuantum raising at least $750 million: sources

The Economic Times

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