Chinese EV firm BYD reported $107B in annual revenue — beating out rival Tesla

Source: New York Post

Chinese automaker BYD has reported over $107 billion in annual revenue, edging past Tesla as the competition between the two EV giants heats up. The Shenzhen-based company announced its full-year revenue reached approximately $107 billion for 2024, surpassing market expectations and topping Tesla’s $97. 7 billion in revenue for the same period.