Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion

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 ...