Byd, a Chinese electric vehicle (EV) maker, is the abbreviation for building your dreams, overshadowing Elon Musk’s Tesla annual revenue. It reported a $107.2 billion in 2024, surpassing Tesla’s $97.7 billion. Byd recorded a 29% revenue increase, while net profit rose 34% to $5.6 billion last year.
Also Read: Tesla’s Downturn: When Social Intelligence Conflicts with Artificial Intelligence
Tesla’s journey, by contrast, has been bumpy as Musk’s role in the U.S.-U.S. trade-aggressive government layoffs have left consumers boycotting its electric vehicles worldwide.
Also Read: Mint Quick Edit | Byd Jumps to Charge Speed
Meanwhile, Warren Buffett-backed Byd shares soared as sales climbed. Its new super-licensor promises to range 400km on a 5-minute plug-in, overcoming the big deterrent on electric car purchases, but its prospects also make the outlook brighter, although Western trade obstacles may distort its ability to zip on more streets in the world. Its amazing rise has allowed Chinese manufacturers to lead even the consumer-facing clean technology industry.
Also Read: Mint Quick Edit | Anti-dumping Barriers in India: More?
Despite India’s great friction in its relationship with China, New Delhi should perhaps soften its disposal of Chinese companies in the state-of-the-art technology that we will certainly benefit from. Bid’s expansion in India can help our electric vehicle market grow.
