In their latest financial reports, electric vehicle powerhouse BYD stood out among the pack. Known for competing effectively with industry leader Tesla in overseas markets, BYD’s financial performance did not disappoint. This was evident in their 2024 annual earnings of approximately 777 billion yuan ($107 billion USD), surpassing Tesla’s revenue for fiscal year 2024.
According to CNBC’s report, BYD announced its annual earnings for the year ending December 31, 2024 on its investor relations site, revealing a revenue of approximately 777 billion yuan, which is equivalent to around $107.6 billion. Notably, this figure surpasses Tesla’s full-year 2024 earnings of $97.7 billion.
In addition to its successful sales and operations during the year 2024, BYD has been gaining significant recognition through the unveiling of cutting-edge technology. One such innovation is a novel charging station that can reportedly charge an electric vehicle (EV) as quickly as filling up a conventional gasoline car. This speedy charging time alleviates concerns for EV users about getting stranded in remote locations, as their vehicles could be recharged in mere minutes. Furthermore, BYD has declared intentions to deploy approximately 4,000 of these new charging stations throughout China.
As an enthusiast, I can’t help but keep my eyes glued on BYD, a powerhouse in the electric vehicle industry that’s had an incredible year. Let’s stay connected and see where this exciting journey takes us next, as we keep up with the latest updates from BYD, Tesla, and other key players in the EV sector.
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2025-03-26 18:57