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The Independent UK

National

The Associated Press

Chinese electric vehicle maker BYD reports 2024 revenue over $100B, topping Tesla's sales

BYD Tesla Inc. electric vehicle Donald Trump

China BYD - (Copyright 2019 The Associated Press. All rights reserved)

Chinese electric vehicle maker BYD logged a record 777.1 billion yuan ($107 billion) in revenue last year as its sales of battery electric and hybrid vehicles jumped 40%.

The report late Monday coincided with BYD’s launch earlier this week of its Qin L EV sedan, a mid-sized model similar to Tesla's Model 3 but at just over half the price. Tesla’s 2024 revenue was nearly $97.7 billion.

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