Chinese EV giant BYD outpaces Tesla with record-breaking revenue in 2024
Chinese automaker BYD reported record revenue of 777.1 billion yuan ($107.2 billion) for 2024, surpassing Tesla’s $97.7 billion, according to a stock filing on Monday. This marks a 29% increase from the previous year, exceeding Bloomberg’s forecast of 766 billion yuan. The Shenzhen-based company has solidified its position as the leader in China’s EV market…