Chinese firm EV Byd reported $ 107B in annual income – beating Rivalin Tesla

Chinese automaker Byd has reported over $ 107 billion annual income, passing Tesla while competition between the two evarts is heated.

The Shenzhen -based company announced its full income for the full year amounted to approximately $ 107 billion for 2024, exceeding market expectations and reaching $ 97.7 billion Tesla for the same period.

Byd’s financial registration, which was released on Monday, reported 34% of net profit year by year, rising to $ 5.56 billion well on analyst forecasts.

During a predominant force in the China automobile sector, Byd has rapidly strengthened its position as a global driver in the space of electric vehicles.

China, the world’s largest market, remains a fierce competitive battlefield, and Byd has exploited its home advantage to achieve an impressive growth in both fully electric and hybrid models.

Innovation played a key role in Byd’s star performance last year.

In 2024, the company launched a loading system of the next generation capable of giving up to 250 miles of range in just five minutes-a major progress in Evo infrastructure.

Moreover, Byd rotated the specially updated driver’s features in the formation of its vehicles, further increasing the consumer appeal.

These technological advances have been translated into the trust of the investor.

The shares listed in the Hong Kong of Byd increased approximately 51% over the past year, reaching high levels of all time and reflecting strong market optimism.

Tesla’s shares have received an important hit, dropping nearly 50% from its roof after an election of about $ 490 again in December.

The company has lost close to $ 750 billion in market value, as investors grow increasingly concerned about the decline in sales and concerns that CEO Elon Musk’s involvement with President Donal Trump’s administration is removing it from automotive leadership and could damage Tesla’s public image.

Regardless of the decline, the actions saw a strong recovery on Monday after an internal meeting, where Musk provided employees for the progress of the company in autonomous direction and increased robotics these advances would promote long -term growth.

Tesla’s shares increased 11.9% to close to $ 278.39 on Monday marking their largest one-day growth since an increase of 14.8% in early November.

The wider market optimism also played a role, as investors grew up in the hope that the Trump administration could be facilitated in setting fierce tariffs against Mexico and Canada-a particularly important issue for automobiles wrapping in cross-border parts of supply chains.

While Tesla maintained a narrow superiority in global sales of electric vehicles – offering 1.79 million units in 2024 – Byd closed with 1.76 million full electric vehicles.

However, when the hybrid vehicles are included, the total shipments of Byd increased to 4.27 million – setting it up at the same time with the total sales of Ford Motor Company.

Looking forward, Byd is projecting even more aggressive growth.

Automaker expects to sell between 5 million and 6 million vehicles in 2025.

The moment seems to be continuing in the new year, with Byd reporting a 93% jump from year to year for sale for January and February, reaching over 623,000 units.

Byd growth marks a turning point in the Global EV race.

While Tesla remains a scary player, especially in the US market, the Byd combination for affordability, innovation and production rate is trying to be a winning formula – especially in developing markets and its inner base.

Since the beginning of 2025, the TESLA vehicle formation in the US includes a wide range of prices.

Model 3, the most affordable offer of Tesla, starts with approximately $ 42,490, while the top clothes can reach up to $ 54,990.

The Y model starts at about $ 46.630 for the rear wheel drive version and goes up to $ 61,630 for the variant with all long -range wheels.

Model S begins with $ 79,990, with the high Plaid high performance edition at $ 94,990.

Model X i Tesla, high -level electric SUV, starts at $ 79,380 and climbs $ 99,990 for the Plaid version.

The newly released cybertruck ranges from $ 60,990 for the base model with a motorcycle to $ 99,990 for the three -engine Cyberbeast.

In contrast, Byd offers a much more affordable range of electric vehicles, which mainly target its home and developing houses.

Byd Seagull, a compact city of EV, starts with about $ 11,400, while the dolphin lid is price from about $ 13,900.

Han Ev, the electric sedan of the byd flag, is positioned in the middle market, with prices ranging between $ 32,800 and $ 40,000 depending on decoration and features.

Xia MPV, a multi -goal -oriented vehicle, starts with approximately $ 34,000.

Byd passenger cars are not currently available at the US – unlike Tesla, which has access to US and Chinese markets.

EVs are cheaper in China mainly second for strong government support, including subsidies, tax deductions and investment in charging infrastructure.

Byd and other Chinese firms also benefit from the lowest costs of work and production, as well as localized supply chains for batteries and ingredients.

A Tesla representative was not immediately available for comment.