Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: BYD Surpasses $100B Revenue in 2024, Overtakes Tesla in Electric Vehicle Market
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
BYD revenue 2024 Tesla
PhotoNews Pakistan > Tech > BYD Surpasses $100B Revenue in 2024, Overtakes Tesla in Electric Vehicle Market
Tech

BYD Surpasses $100B Revenue in 2024, Overtakes Tesla in Electric Vehicle Market

Web Desk
By Web Desk Published March 24, 2025 3 Min Read
Share
BYD Pakistan. Photo Credits: Global Fleet
SHARE

In 2024, Chinese electric vehicle manufacturer BYD reached a historic milestone, reporting annual revenue surpassing $100 billion for the first time and outpacing industry rival Tesla.

The Shenzhen-based automaker’s financial filings showed record-breaking figures, highlighting its growing dominance in the global EV market.

BYD’s Financial Performance Highlights 2024:

  • Total Revenue: 777.1 billion yuan ($107.2 billion) – a 29% increase from 2023
  • Net Profit: 40.3 billion yuan – up 34% year-over-year
  • Market Position: Surpassed Tesla’s $97.7 billion in annual revenue

The company recently unveiled groundbreaking battery technology capable of delivering 470 kilometres (292 miles) of range after just five minutes of charging. Their new charging system operates at 1,000 kW – double the speed of Tesla’s current Superchargers (500 kW). This technological leap contributed to BYD’s stock price reaching all-time highs this month.

BYD's revenue could top $100 billion — a first for BYD that would also put it ahead of Tesla, whose 2024 sales were $97.7 billion. https://t.co/GtT4OCvlqA pic.twitter.com/1y60KJDsxT

— My Value Picks (@myvaluepicks) March 23, 2025

As the clear leader in China’s largest EV market, BYD has successfully executed an aggressive global expansion strategy. The company has established manufacturing facilities and increased market share across Europe, Southeast Asia, and South America.

Unlike Tesla, which focuses on premium segments, BYD offers a comprehensive product portfolio that includes affordable city cars, luxury vehicles and commercial EVs. This diversified approach has enabled broader market penetration and resilience against economic fluctuations.

Industry analysts note that BYD’s vertical integration – controlling everything from battery production to chip manufacturing – provides significant cost advantages and supply chain security. This business model has proven effective amid global semiconductor shortages and raw material price volatility.

Read: BYD’s Ultra-Fast EV Charging: 400km Range in Just 5 Minutes

The financial results demonstrate China’s growing dominance in the EV sector, with BYD positioned as the standard-bearer for the country’s automotive ambitions. As the company continues to innovate and expand, industry observers anticipate further market share gains in 2025, particularly in emerging markets where its affordable models resonate with cost-conscious consumers.

With plans to introduce next-generation battery technology and expand into new international markets, BYD appears well-positioned to maintain its growth trajectory. The company’s success highlights the intensifying competition in the global EV sector and the shifting balance of power toward Chinese manufacturers.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Travis Kelce Taylor Swift Proposal

Travis Kelce Delays Taylor Swift Marriage Proposal to Focus on NFL Career

Reuters X Account India

Reuters’ X Account Withheld in India

Trump Tariffs Rate Chart Trump tariffs China

US Sets August 1, 2025, Tariff Deadline for Trade Partners, Says Bessent

Post Archives

More Popular from Photonews

Pakistan severe weather 2025
Pakistan

Pakistan Weather Forecast: Rain, Thunderstorms Hit Sindh, Punjab, and More in July 2025

3 Min Read
Elon Musk America Party
Top NewsWorld

Elon Musk Announces America Party Formation Amid Trump Feud

3 Min Read
Japan's Princess Kako Econony flight
Offbeat

Japan’s Princess Kako’s Humble Economy Flight to Brazil Wins Hearts

3 Min Read
Business

Pakistan Stock Exchange KSE-100 Climbs to 131,176 in July 2025 Rally

On July 4, 2025, the Pakistan Stock Exchange (PSX) extended its bullish streak, with the KSE-100…

July 4, 2025
Entertainment

Salman Khan Unveils Intense Battle of Galwan First Look

On July 4, 2025, Bollywood superstar Salman Khan unveiled the first look of his upcoming film,…

July 4, 2025
Offbeat

Shreyas Iyer’s Mother Clean Bowled Son in Home Cricket Session

On June 30, 2025, Indian cricketer and Punjab Kings (PBKS) captain Shreyas Iyer delighted fans with…

July 1, 2025
Pakistan

FIA Freezes Bank Accounts Over ‘Anti-State’ Content

A Lahore bird seller, Nadeem Nasir, and several others connected to an Islamabad journalist had their…

July 5, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?