Dennis Gaviola

Article (news)

Agence France-Presse

BEIJING, China -- Chinese carmaker BYD saw a surge in revenue last year, a stock filing showed Monday, surpassing the $100 billion mark and beating rival Tesla as the Shenzhen-based firm accelerates its overseas expansion.BYD has emerged in recent years as the clear leader in China&#x27;s highly competitive electric vehicle market, which is the largest in the world.The country&#x27;s automotive champion recorded 777.1 billion yuan ($107.2 billion) in revenue for 2024, eclipsing the $97.7 billion in revenue last year announced previously by Tesla.BYD&#x27;s figure represented a 29 percent increase from 2023 and was higher than a Bloomberg forecast of 766 billion yuan.The firm&#x27;s net profit last year amounted to 40.3 billion yuan, up 34 percent from 2023 and reaching a record high.The firm&#x27;s stock price also reached an all-time peak this month, after it unveiled new battery technology that it said allows a vehicle to travel up to 470 kilometers (292 miles) after charging for just five minutes.BYD says its newest battery and charging system boasts speeds of 1,000 kW, ahead of Tesla&#x27;s Superchargers, which currently offer speeds of 500 kW.

BYD has emerged in recent years as the clear leader in China's highly competitive electric vehicle market, which is the largest in the world.

BYD has emerged in recent years as the clear leader in China's highly competitive electric vehicle market, which is the largest in the world.

China's BYD posts record annual revenue, beats Tesla

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Sudoku

Word of the Day

Lotto

Horoscope

Business

China's BYD posts record annual revenue, beats Tesla

Agence France-Presse

Published March 24, 2025 09:27 PM PHT

Read More:

ABSNews

BYD

electric vehicle

Tesla

autos

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

Sign Up

I have read and agree to the Terms and Privacy Policy.

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.