BYD Outpaces Tesla in Annual Sales, Reaching Over $100 Billion

Chinese electric vehicle (EV) manufacturer BYD has surged ahead of Tesla in annual sales, achieving a remarkable milestone of over $100 billion in revenue. This news comes as BYD reported a significant 73% leap in fourth-quarter profits, showcasing the company's robust growth trajectory in the competitive EV market.

The achievement marks a pivotal moment for BYD, which has been steadily increasing its market share both domestically and internationally. In contrast, Tesla, led by Elon Musk, has faced challenges in maintaining its lead amidst growing competition from Chinese EV makers. The latest figures indicate a shift in the global EV landscape, with BYD emerging as a formidable contender.

Analysts attribute BYD's success to its aggressive expansion strategy and its ability to cater to diverse market segments with a range of affordable to high-end EV models. This strategic approach has allowed BYD to capture a significant portion of the Chinese market while also making inroads into Europe and other regions.

• BYD
• China
• Elon Musk
• Tesla