Last year, the Chinese company announced the revenue of 777 billion yuan, or $ 107 billion, writes Bloomberg. This is almost a third more than a year ago, and in addition exceeds the forecasts of analysts. Tesla revenue for the same period did not reach $ 100 billion, stopping at 97.7 billion.
The BYD net profit for 2024 increased to 40.3 billion yuan (about $ 5.6 billion). This is 34 percent more than a year earlier, but still noticeably smaller than Tesla at 7.6 billion dollars. Another area in which the Americans lead is a market assessment of the company. Tesla, despite the recent promotion of shares by almost 40 percent, costs about $ 800 billion, and BYD – 157 billion.
BYD and Tesla electric sales volumes are almost equal: the first realized 1.76 million units, the second – 1.79 million. However, the overall result of Byd is much larger, since in addition to the “trains” it sells hybrids. Together with them, the volume of deliveries is 4.27 million, which is close to the Ford level.
Tesla sales fell for the first time in a decade Chinese BYD offered Tesla to “unite against a common enemy”, a large Denza N9 crossover from Byd entered the market
This year, BYD, however, reduced sales forecasts to 5.5 million cars. The manufacturer began confidently for a year: sales almost doubled compared to January-February 2024-up to 623.3 thousand units.
In addition to China, BYD is in good demand in Europe, as well as in Singapore, Thailand and Australia. There are no brand cars in the USA, and they are unlikely to appear in the near future due to duties.
Where is the cool tuning of the “Chinese”?
