BYD may not be a household name in America, but it's made itself known in a big way.The Chinese automaker is officially a thorn in Tesla's side, and it's been on a hot streak in the last couple of years. For a brief moment in December 2023, the Chinese automaker unseated Tesla as the world's top seller of electric cars. A little over a year later, on January 1, BYD reported its best quarter yet.Even though you won't see a BYD car in America (yet), the company has built an affordable brand that's popular in ...

The BYD ATTO 2 from Chinese electric vehicle (EV) manufacturer BYD is pictured at the 2025 Bangkok International Motor Show at the Impact Arena convention venue in Bangkok on March 24, 2025.Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, leapfrogging U.S. rival Tesla as competition between the two electric vehicle rivals heats up.In a filing published Monday, BYD posted a 29% increase in revenue from the previous year, bolstered by sales of its hybrid vehicles. Thi ...

Chinese automaker BYD has reported over $107 billion in annual revenue, edging past Tesla as the competition between the two EV giants heats up.The Shenzhen-based company announced its full-year revenue reached approximately $107 billion for 2024, surpassing market expectations and topping Tesla’s $97.7 billion in revenue for the same period.BYD’s financial filing, which was released on Monday, reported a 34% increase in net profit year-over-year, rising to $5.56 billion — well above analyst forecasts. 6 ...

Core Viewpoint - BYD has surpassed Tesla in revenue, achieving over $100 billion in 2024, and is aggressively expanding into international markets, particularly Europe, amidst a challenging environment for Tesla [2][3][4]. Company Performance - BYD reported a revenue of 777.1 billion yuan ($107.2 billion) for 2024, marking a 29% increase from the previous year and exceeding Tesla's revenue of $97.7 billion [3][4]. - The company's net profit reached 40.3 billion yuan, a 34% increase from 2023, with a record net profit of 15 billion yuan in the final quarter of the year [4][5]. - Vehicle sales surged to nearly 4.3 million units in 2024, reflecting an increase of over 40% year-on-year [5]. Market Expansion - BYD is focusing on the European market with plans to introduce a new compact electric model and advanced charging capabilities [3][9]. - Monthly sales in February 2025 jumped 161% to 318,000 units, significantly outpacing Tesla's sales decline during the same period [6]. Technological Advancements - The company unveiled new battery technology capable of charging vehicles in the same time as refueling gasoline cars, with peak charging speeds of 1,000 kilowatts [8]. - The new "Super e-Platform" allows vehicles to travel up to 470 kilometers (292 miles) after just a five-minute charge, outperforming Tesla's Superchargers [8]. Competitive Landscape - BYD's growth comes at a difficult time for Tesla, whose sales in Europe have declined due to political controversies surrounding CEO Elon Musk [4][9]. - The company has launched extensive advertising campaigns and opened new showrooms across Europe to bolster its presence [9]. Regulatory Environment - EU authorities are investigating potential unfair subsidies provided by the Chinese government for BYD's first European factory in Hungary [11]. - The geopolitical landscape, including trade tensions between China and Western nations, poses challenges for BYD's global ambitions [9][12].

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I am a journalist based in Detroit, having spent almost my entire career writing about business and economic subjects for The Wall Street Journal, New York Times, Detroit Free Press and Bloomberg. I'm the author of two books and am an acknowledged expert on the world automotive industry.Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receivin ...

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BYD Company Limited OTCMKTS: BYDDY revealed its Super e-Platform, a technology designed to significantly reduce electric vehicle charging times. BYD TodayBYDDYBYD$107.75 -0.73 (-0.67%) 52-Week Range$50.00▼$109.20Dividend Yield0.68%P/E Ratio33.26Add to WatchlistThis new platform promises a driving range of 249 miles with only five minutes of charging, directly addressing a major obstacle to widespread electric vehicle adoption: range anxiety. Get BYD alerts:BYD aims to remove a key psychological barrier for ...

The automotive industry is undergoing a massive transformation, with electric vehicles (EVs) leading the charge. For years, it seemed that Tesla (TSLA) was the only automaker that was playing at the forefront of the EV phenomenon and taking the concept of green vehicles seriously from a real-world functionality standpoint. But now the landscape is shifting, with legacy automakers and new startups alike making aggressive moves into the EV market, fueled by climate concerns, stricter fuel regulations and rapi ...

In the midst of a market downturn, investing in an electric vehicle (EV) stock is a risky proposition. While demand continues to be strong (if a bit underwhelming in comparison to earlier estimates), automaker shares have largely underperformed benchmark indices since the start of the year.To use the most blatant example, Tesla stock (NASDAQ: TSLA) was the second-worst performer in the S&P 500 on a year-to-date (YTD) basis at the time of writing. Since the start of the year, TSLA shares have lost 41.87% in ...