$TSLA – BYD BEATS TESLA TO $100 BILLION IN SALES
In 2024, BYD’s revenue reached $107 billion, surpassing Tesla’s $97.7 billion. Its profit of $5.5 billion lags behind Tesla’s $7.1 billion but is growing fast.
BYD introduced a fast-charging system, allowing an EV to gain 250 miles of range in just five minutes, though it’s limited to two models and certain chargers in China.
BYD is ahead of Tesla in offering advanced driver-assistance features in China, including its “Eyes of God” software, which allows self-parking and city road cruising with minimal human input.
With 4.3 million vehicles sold last year, BYD became the 6th largest automaker globally, surpassing Honda.
CEO Wang Chuanfu plans to expand globally, but U.S. tariffs on Chinese EVs and concerns in other regions pose challenges.