Chinese electric carmaker BYD sales beat Tesla

Chinese electric carmaker BYD sales beat Tesla 37 minutes ago Share Save Peter Hoskins BBC News, Business reporter Share Save Getty Images Chinese electric vehicle maker BYD has reported annual revenue for 2024 that has leapfrogged rival Tesla. The Shenzhen-based firm says revenue rose by 29% to come in at 777 billion yuan ($107bn; £83bn), boosted by sales of its hybrid vehicles. This topped the $97.7bn reported by Elon Musk's Tesla. BYD has also just launched a lower-priced car to rival Tesla's Model 3, which has long been the top selling electric vehicle (EV) in China. It comes as Tesla faces a backlash around the world over Musk's ties to US President Donald Trump, while Chinese carmakers have been hit with tariffs in Western countries. BYD sold around the same number of EVs as Tesla last year – 1.76 million compared to 1.79 million, respectively. But when sales of the Chinese company's hybrid cars are taken into account it is much bigger, selling a record 4.3 million vehicles g ... Read full article.