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Chinese EV firm BYD reported $107B in annual revenue — beating out rival Tesla
BYDDYBYD(BYDDY) New York Post·2025-03-24 22:19

Chinese automaker BYD has reported over 107billioninannualrevenue,edgingpastTeslaasthecompetitionbetweenthetwoEVgiantsheatsup.TheShenzhen−basedcompanyannounceditsfull−yearrevenuereachedapproximately107 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 97.7billioninrevenueforthesameperiod.BYD’sfinancialfiling,whichwasreleasedonMonday,reporteda3497.7 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 ...