Etiqueta: Hong Kong

Hong Kong (CNN) — In the world of electric vehicles, there’s a Chinese company outdoing Elon Musk’s Tesla. And it’s just getting started.BYD, the Shenzhen-based ChineseRead More

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Wang Chuanfu, chairman and CEO of electric vehicle maker BYD, has added $9.3 billion to his wealth this year.

Cars News: China's BYD surpasses Tesla in 2024 annual revenue, reporting $107 billion, driven by strong domestic demand and global expansion. BYD's affordable hi

Tesla's Chinese competitor BYD recorded a 73 per cent jump in fourth-quarter profit on Monday and said its annual revenue for 2024 crossed the $100 billion US mark, surpassing the U.S. automaker.

BYD has surpassed Tesla in annual revenue for the first time since 2018, reporting 777 billion yuan ($107 billion) in sales for 2024.

China’s BYD recorded revenues of 777 billion yuan ($107 billion) for 2024, surging ahead Elon Musk’s Tesla in annual sales amid intensifying competition in the global market for clean-energy cars.

China’s BYD recorded revenues of 777 billion yuan ($107 billion) for 2024, surging ahead Elon Musk’s Tesla in annual sales amid intensifying competition in the global market for clean-energy cars.

Wood said Tesla's cars are "still very competitive" based on metrics like "range and power for a given price."

(Bloomberg) -- Hong Kong’s two biggest stock offerings since 2021 came this month after a pair of electric-vehicle makers took advantage of one of the world’s biggest market rallies.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at the