Etiqueta: News

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

The firm’s new energy vehicles have continued to experience "strong growth", with sales increasing by over 40% year-on-year.

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

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

Hyundai (HYMTF) is planning to expand in the US, with the automaker set to spend about $21 billion in the US through 2028. Additionally, shares of Chinese automaker BYD (BYDDY) jumped as the company reported better-than-expected earnings results, beating Tesla's (TSLA) full-year 2024 sales. Yahoo Finance Senior Reporter Pras Subramanian joins Market Domination hosts Julie Hyman and Josh Lipton to discuss Hyundai's expansion, BYD's earnings, and declining Tesla sales in Europe. To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

The Chinese EV maker topped Tesla in total revenue last year as it builds its home-market lead