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3d ago

BYD Doubles Q1 Profit and Surpasses Tesla in Net Income

China's leading EV maker reports record-breaking growth, expands market share, and targets significant global exports for 2025.

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Tsai said that Tesla will not be displaced by Chinese automaker BYD within the EV industry.
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Overview

  • BYD's net profit for Q1 2025 surged 100% year-on-year to 9.2 billion yuan, outpacing Tesla's $409 million net income during the same period.
  • Revenue grew by 36.4% to 170.4 billion yuan, reflecting strong demand and competitive pricing strategies in the EV market.
  • The company captured 13.6% of China's EV market in Q1, up from 12.1% the previous year, solidifying its domestic leadership.
  • BYD escalated competition by standardizing its 'God's Eye' driver-assistance system and launching a new super-charging platform across its lineup.
  • With a target of exporting 800,000 vehicles in 2025, BYD continues its aggressive global expansion, including a strategic revamp of its European operations.