*Walter Bloomberg
*Walter Bloomberg|Mar 24, 2025 14:22
TSLA - BYD BEATS TESLA TO 100 BILLION IN SALES 🔸 In 2024, BYD’s revenue reached 107 billion, surpassing Tesla’s 97.7 billion. Its profit of 5.5 billion lags behind Tesla’s 7.1 billion but is growing fast. 🔸 BYD introduced a fast-charging system, allowing an EV to gain 250 miles of range in just five minutes, though it's limited to two models and certain chargers in China. 🔸 BYD is ahead of Tesla in offering advanced driver-assistance features in China, including its "Eyes of God" software, which allows self-parking and city road cruising with minimal human input. 🔸 With 4.3 million vehicles sold last year, BYD became the 6th largest automaker globally, surpassing Honda. 🔸 CEO Wang Chuanfu plans to expand globally, but U.S. tariffs on Chinese EVs and concerns in other regions pose challenges.
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