Tesla and BYD are engaged in a fierce competition to become the world's leading electric vehicle (EV) manufacturer. In 2024, BYD reported impressive sales and revenue figures, with 4.27 million vehicles sold compared to Tesla's 1.79 million. BYD's revenue of 777 billion yuan ($107 billion) has surpassed Tesla's $97.7 billion for the first time since 2018. Despite Tesla's strong profits of $7.1 billion, it faces dwindling global sales, specifically in China, while BYD's robust sales growth marks a significant shift in the EV market landscape.
Tesla and BYD are in fierce competition for the title of the largest electric vehicle manufacturer in the world, with BYD currently outperforming Tesla in sales and revenue.
BYD has reported huge sales numbers and improvements in revenue, overtaking Tesla's figures for the first time since 2018, enhancing its position as a formidable competitor.
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