HomeAbout

TL;DR CNBC


Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion - TL;DR CNBC

Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion

Publishing timestamp: 2025-03-25 13:36:06


Summary

Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, surpassing U.S. rival Tesla. BYD's new battery technology claims to charge EVs quickly, leading to a surge in its stock price. Tesla, on the other hand, has seen a decline in its shares amid consumer boycotts and falling demand.


Sentiment: POSITIVE

Tickers: 1211-HKTSLA

Keywords: breaking news: businessasia economytesla incelon muskautosbusinessclimatebusiness news

Source: https://www.cnbc.com/2025/03/25/ev-giant-byd-outpaces-tesla-with-annual-sales-of-over-100-billion.html


Developed by Leo Phan