🚀 BYD Surpasses Tesla with Record $100 Billion Revenue, Expands Global EV Dominance

Shenzhen, China – March 25, 2025 – BYD Co. Ltd., China’s electric vehicle (EV) powerhouse, has officially overtaken Tesla (TSLA) in annual revenue, crossing the $100 billion mark for the first time. With a staggering 777.1 billion yuan (RM475 billion) in 2024 revenue, BYD has cemented its status as the world’s leading EV manufacturer, capitalizing on surging global sales and aggressive overseas expansion.

⚡ BYD Outshines Tesla in Revenue and Growth

BYD’s record revenue figure outpaced Tesla’s $97.7 billion for 2024, marking a 29% increase year-over-year, surpassing Bloomberg’s forecast of 766 billion yuan.

• 💰 Net Profit Soars: The company’s net profit hit 40.3 billion yuan, a 34% increase from the previous year.
• 🚀 Strong Q4 Performance: BYD capped the year with a record-breaking 15 billion yuan net profit in Q4 2024 alone.

🔥 BYD’s Global Expansion: Conquering Europe and Beyond

BYD’s ambitious overseas push is reshaping the global EV landscape.

• 🌍 Europe in Focus: The company is aggressively expanding into Europe, introducing a new compact EV model with super-fast charging to challenge local brands.
• 🚗 Surging Sales:
  • BYD sold nearly 4.3 million vehicles in 2024, marking a 40% year-over-year increase.
  • February 2025 sales soared 161% to 318,000 units, far outpacing Tesla’s declining European sales.
• 💡 Marketing Blitz: BYD is launching major ad campaigns across Europe, including sponsoring the 2024 European Championships in football, while opening numerous showrooms across the continent.

🔋 BYD’s Game-Changing Battery Technology

In a move that could redefine EV charging standards, BYD unveiled its “Super e-Platform” battery technology, offering charging speeds and range previously thought impossible.

• ⚡ Ultra-Fast Charging:
  • The 1,000-kilowatt charging system can charge a vehicle in five minutes, delivering up to 470 kilometers of range.
  • BYD’s charging speeds double Tesla’s Superchargers, which currently max out at 500 kilowatts.
• 🔥 This innovation could be a game-changer for range anxiety, positioning BYD as a leader in EV infrastructure.

🇨🇳 Geopolitical Hurdles: BYD Faces Western Scrutiny

Despite its impressive growth, BYD’s expansion is facing increasing regulatory pressure in both the US and Europe.

• 🔍 EU Investigation:
  • European authorities are probing whether BYD received unfair subsidies from the Chinese government for its first European factory in Hungary.
  • The factory, set to begin production in late 2025, is seen as a key part of BYD’s European expansion strategy.
• 🇺🇸 US Tariffs and Trade Tensions:
  • President Donald Trump recently imposed higher blanket tariffs on Chinese imports, escalating trade tensions.
  • This comes on top of former President Joe Biden’s policy, which effectively bars Chinese technology in smart cars.
• ⚠️ BYD Vice-President Stella Li recently stated the company would be “very transparent” and willing to cooperate with investigations.

📉 Tesla’s Decline: A Changing of the Guard?

BYD’s record results come as Tesla grapples with falling profits and a challenging year.

• 📉 Tesla’s Q4 2024 earnings fell short of expectations, capping a mixed year for the US-based automaker.
• 🚗 Musk’s political entanglements in Europe, where he has shown support for far-right political groups, have also hurt Tesla’s reputation and sales.
• ⚠️ With Tesla’s growth slowing, BYD’s rapid market expansion is gaining momentum, widening the gap between the two EV giants.

✅ Bottom Line: BYD Surges Ahead, Redefining the Global EV Race

BYD’s record-breaking revenue and aggressive global expansion signal a seismic shift in the EV industry.

• 🚀 With cutting-edge battery technology, expanding global reach, and record profitability, BYD is rapidly becoming the dominant force in EVs, surpassing Tesla.
• 🔥 As Western trade barriers mount, BYD’s ability to navigate geopolitical tensions will be key to sustaining its global momentum.
• 🌍 With its eyes set on Europe and beyond, BYD is no longer just a challenger—it’s the new leader in the global EV race.

💡 Key Takeaway: BYD’s EV Empire is Charging Ahead

With record sales, profits, and groundbreaking battery tech, BYD has dethroned Tesla as the revenue leader in the EV market.

• 🚗 Its European expansion, coupled with technological innovation, puts it on a path to dominate the industry for years to come.
• 🔥 As Tesla struggles with politics and profit pressures, BYD’s surging growth signals a changing of the guard in the EV world.