The company registered sales of $ 107.2 billion (99.29 billion euros) last year, exceeding $ 97.7 billion (90.49 billion euros) announced by Tesla in the same period.
Chinese electric vehicle manufacturer BYD exceeded the American rival Tesla in 2024, with record sales of around 99.29 billion euros, a 29% rise with 2023.
The company, which has been established in recent years as leader of the Chinese electric vehicle market, has registered sales of $ 107.2 billion (99.29 billion euros) last year, exceeding $ 97.7 billion (90.49 billion euros) announced by Tesla in the same period.
BYD (Build Your Dreams), headquartered in Shenzhen (southern China), was also present in international markets, namely in Europe, where it launched major communication campaigns, particularly sponsoring the Euro 2024 football, and where more and more dealers are opening.
While the US brand suffers the consequences of Elon Musk’s involvement with Trump administration in recent weeks, the Chinese giant has registered a net income of $ 5.55 billion (5.14 billion euros), 34% more than 2023, according to documents published on the Shenzhen Stock Site at dawn.
This data comes after BYD revealed new battery technology, which claims to allow ultra -rare charging and has triggered the price of its shares in Hong Kong.
Company presents a new loading system
The company presented a new charging system called “Super E-Platform”, which allows cars to recover up to 470 kilometers of autonomy after being connected to the current for just five minutes.
These chargers offer up to 1,000 kW of peak power compared to only 500 kW of Tesla’s ‘superchargers’.
The purpose of this new technology is to “relieve users’ anxiety fundamentally regarding charging,” said company founder Wang Chuanfu, at the launch of the new battery.
“Our goal is to ensure that the loading time of electric vehicles is as short as that of internal combustion vehicles,” he added.
Sales in February rose 161%
The company, based in Shenzhen, revealed plans to build more than 4,000 ultra -rare loading stations in China. This expansion follows exponential growth, with February sales rose 161% to over 318,000 vehicles.
However, Tesla registered a 49% drop in its sales in the Chinese market during the same period.
In the whole of the year, the world’s construction company’s world sales decreased for the first time in its history, about 1%to 1.79 million.
In January, the Chinese group announced that it had sold about 4.3 million vehicles, which represents a 40% increase over the previous year.
Geopolitical and commercial tensions can bring problems
Geopolitical and commercial tensions in a context of Trump administration threats can, however, complicate the task of the Chinese giant, who benefited from financial injections in the sector by Beijing.
Chinese electric cars sold in Europe are also subject to a surcharge (17% for BYD) introduced by the European Commission to compensate for Chinese subsidies.
The group should start producing electric cars at the end of 2025 at its first European factory in Hungary.
This factory is allegedly being the target of Chinese subsidies by the European Commission, according to the press.
BYD “has no knowledge” of any investigation in this regard, has assured AFP vice president Stella Li, in an interview on the 20th.
