BYD Surpasses Tesla in Revenue and Unveils Ultra-Fast EV Charger

The Chinese automaker reported record $107 billion revenue for 2024, introduced a groundbreaking 5-minute charging system, and extended its lead in global EV sales.

BYD achieved $107 billion in revenue for 2024, surpassing Tesla's $97.7 billion and marking a 29% year-over-year increase.
The company sold 4.27 million vehicles in 2024, including hybrids, compared to Tesla's 1.79 million EVs, solidifying its position as the world's largest EV maker.
BYD unveiled a 1,000-kilowatt ultra-fast charger capable of delivering 400 kilometers of range in just five minutes, outpacing Tesla's charging technology.
The automaker plans to roll out 4,000 of these chargers in China before expanding internationally, further enhancing its competitive edge.
Tesla faces declining sales and brand challenges linked to CEO Elon Musk's controversial actions, while BYD rapidly expands its market share in Europe and other regions.