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BYD Leads Global EV Market with Record Revenue and Ultra-Fast Charging Breakthrough

The Chinese automaker outpaced Tesla in 2024 revenue and unveiled a charging platform that doubles Tesla's speed, solidifying its global market leadership.

BYD Hit $100 Billion. Next: An EV Factory Bigger Than San Francisco: News
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The Tesla logo is seen on a car at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 27, 2024. REUTERS/Sarah Meyssonnier/File Photo
The logo of the Chinese electric car brand BYD is pictured in Mexico City, Mexico, March 3, 2025. REUTERS/Quetzalli Nicte-Ha/File Photo

Overview

  • BYD reported record revenue of $107 billion in 2024, surpassing Tesla's $97.7 billion for the first time in seven years.
  • The company's Super e-Platform enables a five-minute charge for 249 miles of range, significantly outperforming Tesla's charging technology.
  • BYD sold nearly 4.3 million vehicles in 2024, including hybrids, compared to Tesla's 1.8 million EV-only sales.
  • BYD is aggressively expanding into Europe with plans for new factories and increased vehicle registrations, despite facing geopolitical and trade challenges.
  • BYD's stock surged to an all-time high in 2025, reflecting investor confidence in its technological advancements and market leadership.