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The Independent UK
The Independent UK
Technology
Vishwam Sankaran

Chinese EV maker BYD beats rival Tesla with $100bn revenue

BYD Tesla Inc. Elon Musk

Chinese electric vehicle manufacturer BYD surpassed the $100bn revenue mark in 2024, beating rival Tesla’s earnings for the year, a new stock filing revealed.

Shenzhen-based BYD emerged as Tesla’s biggest competitor in recent years as the Elon Musk-owned company faced a continued drop in sales revenue.

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