
Tesla’s China rival BYD’s sales surged 29% last year, topping $100B
BYD (1211.HK) capped off a strong 2024 with positive results as Tesla’s main rival in China sets up for another big year. BYD’s full year jumped 29% to 777 billion yuan ($107 billion) vs. 776 billion yuan estimated, crossing $100 billion in sales for the first time. Net income rose 34% to 40.3 billion yuan…