{"id":1608,"date":"2025-03-24T21:03:08","date_gmt":"2025-03-24T21:03:08","guid":{"rendered":"https:\/\/ipp-news.com\/?p=1608"},"modified":"2025-03-24T21:03:08","modified_gmt":"2025-03-24T21:03:08","slug":"chinese-ev-giant-byd-surpasses-rival-tesla","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=1608","title":{"rendered":"Chinese EV giant BYD surpasses rival Tesla"},"content":{"rendered":"<div>Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion.<\/p>\n<p>The Shenzhen-based firm has emerged in recent years as the clear leader in China&#8217;s highly competitive EV market, which is the largest in the world. It is also increasingly seeking new growth channels abroad, vowing to conquer the European market with a new compact electric model and super-fast charging capabilities to rival continental brands.<\/p>\n<p>The Chinese juggernaut&#8217;s push into Europe comes at a challenging juncture for Tesla, whose sales in the continent have dropped following CEO Elon Musk&#8217;s support for far-right political groups there.<\/p>\n<p>BYD recorded 777.1 billion yuan ($107.2 billion) in revenue for 2024, a statement published on Monday evening at the Shenzhen stock exchange showed. That figure eclipsed the $97.7 billion in revenue last year announced previously by Tesla.<\/p>\n<p>It also represented a 29% increase from the previous year and outperformed a Bloomberg forecast of 766 billion yuan. Meanwhile, BYD&#8217;s net profit last year amounted to 40.3 billion yuan, up 34% from 2023 and reaching a record high.<\/p>\n<p>BYD, which adopts the English slogan &#8220;Build Your Dreams&#8221; \u2013 has enjoyed a giddy few months of surging sales disclosures and soaring stock prices. It said in January that it sold nearly 4.3 million vehicles last year, up more than 40% from the previous year.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion. The Shenzhen-based firm has emerged in recent years as the clear leader in China&#8217;s highly competitive EV market, which is the largest in the world. It is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1608","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/1608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1608"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/1608\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}