BYD, the largest electric vehicle manufacturer globally, reported over $100 billion in revenue in 2024, surpassing Tesla. To maintain this growth and mitigate the impact of U.S. tariffs, BYD is focusing on expanding its presence in emerging markets such as Brazil, where it is investing approximately a billion dollars to establish a new factory. Despite the promising sales in Brazil, the company has faced some challenges during this expansion, highlighting the complex landscape of the global electric vehicle market.
BYD's global revenue surpassed $100 billion in 2024, making it the largest EV manufacturer, outpacing Tesla as it expands into emerging markets.
BYD is investing nearly a billion dollars in a factory in Brazil to bolster its position in the growing EV market amid global sales growth.
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