BYD Hits $100 Billion, Tops Tesla in Annual Sales as EV Demand Soars

By Yahoo! Finance   |   2 weeks ago
BYD Hits $100 Billion, Tops Tesla in Annual Sales as EV Demand Soars

BYD Company surpassed Tesla in revenue, reaching $107 billion in fiscal year 2024 with a 29% increase in revenue and a net income of $5.6 billion. The growth was driven by strong demand for electric and hybrid vehicles and tech-focused features appealing to consumers.

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