Chinese EV firm BYD reported $107B in annual revenue — beating out rival Tesla

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 ...