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
Keywords: breaking news: business, asia economy, tesla inc, elon musk, autos, business, climate, business news,