Automundo China

BYD has risen quickly to the top of China’s car market — the world’s biggest and most competitive for electric vehicles.

Cars News: The company is aggressively marketing in Europe, launching ad campaigns and showrooms, but faces geopolitical hurdles. EU regulators are investigating

In the fourth quarter of 2024 BYD’s profits surged by 73 per cent, filings show

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Spinning bright red handkerchiefs and dancing in step to folk music, more than a dozen human-like robots took to China’s biggest stage in January, making a splashy debut at the annual Lunar New Year gala.

The Shenzhen-based firm says revenue for last year came in at $107bn, boosted by sales of its hybrid vehicles.

Reports from China caused Tesla shares to rally over 10%.

Shenzhen-based company announced full-year revenue reached approximately $107 billion -- surpassing expectations and topping Tesla’s $97.7 billion.

Chinese automaker BYD surpassed Tesla in total revenue for 2024, reporting $107 billion compared to the Elon Musk-led brand's $97.7 billion.