He reported that it is over $ 100 billion and that Tesla exceeded his sales – Automobile Magazine

China -based electric vehicle manufacturer Byd’s dollar -based sales last year exceeded the $ 100 billion threshold for the first time, leaving the US Tesla behind.

China-based electric vehicle manufacturer BYD announced the financial results of last year’s October-December period and the entire 2024.

Accordingly, the company’s revenues increased by 52.7 percent compared to the same period of the previous year and reached 274.9 billion Yuana (38 billion dollars).

In the same period, the net profit of the BYD increased by 73.1 percent compared to the previous year, 15 billion Yuana ($ 2.1 billion) rose.

In the entire last year, the company’s revenues increased by 29 percent compared to 2023 and found 771.1 billion Yuan ($ 107 billion). In the same period, the Net profit of the Chinese manufacturer increased by 34 percent and increased by 40.3 billion Yuana ($ 5.4 billion).

BYD’s revenues on a dollar basis exceeded $ 100 billion last year, leaving Tesla behind for the first time. Tesla earned $ 97.7 billion in revenue last year.

BYD, last year, 4.27 million vehicles (completely or partially electric) delivery, while this year will sell between 5 to 6 million vehicles estimated.

Explaining that it would invest $ 1 billion in Türkiye, BYD was led by a long -term price war with aggressive discounts in the best -selling models in electric cars. The Chinese manufacturer also contributes to the deepening of the price war by offering cheap models in China.

Tesla compete with BYD’s shares of approximately 51 percent this year, it was noteworthy.

The market value of BYD, the founder of Chinese billionaire Vang Chuanfu, increased to $ 162 billion on March 18, more than Ford ($ 39.4 billion), General Motors (49 billion dollars) and Volkswagen ($ 66 billion).

He has been leaving Volkswagen behind for 2 years in China

Expanding its international existence, BYD has expanded its market share in China to a great extent and left behind Volkswagen, who gave up the factory investment in Türkiye in 2020, as the leading car manufacturer in the second year.

According to the German press reports, BYD, which has difficulty in making itself accepted as a supplier in Germany, evaluates the establishment of a factory with 500,000 vehicles production capacity in this country after the plan to establish a factory in Hungary and Türkiye.

On the other hand, BYD has announced significant technological innovations in electric cars in recent months.

On March 18, the company announced the “Super E-Platfrom” technology, which enables electric cars to be charging as much as they needed as much as they needed for fuel supply. In the tests with the new Han L model, the new battery was charged up to 470 kilometers in five minutes with the fast charging system.

Analysts stated that with the new product in question, BYD is trying to eliminate one of the biggest obstacles to the adoption of electric vehicles and emphasized that the higher charging speed offers customers a “more clear way to switch from internal combustion engines to electric vehicles”.