Etiqueta: Tesla

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."

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

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.

BYD just launched its new Tesla Model 3-sized electric sedan but at about half the cost. The sleek new Qin...