Etiqueta: Tesla

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

The Chinese EV giant beat Tesla in revenue, unveiled breakthrough tech, and is gearing up for global domination.

Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion.That figure eclipsed the $97.7 billion in revenue last year announced previously by Tesla.

The results underscore BYD’s growth in China as US rival Tesla has declined, driven by younger car buyers who increasingly turning to cheaper, local brands.

BYD's net income in the fourth quarter was a record RMB 15.02 billion ($2.07 billion), as NEV sales reached an all-time high.

Results come after Tesla’s EV rival announces five-minute charging system

The Tesla-rivalling BYD has taken the veils off its new electric motor that sets the benchmark with a peak speed of 30,511 RPM.

The Communist Chinese company's new platform solves the biggest problems with electric cars, if a charging network is built to support it.

The Chinese EV champion overtook Volkswagen Group to lead China’s light-vehicle sales with a record 4.25 million vehicles in 2024.

BYD Co.’s earnings later Monday could be the factor cementing the electric-vehicle leader’s place as China’s most valuable non-state onshore stock.