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BYD Surges Ahead in the Electric Vehicle Market
2025-03-25 23:55:11
Asia
Automotive
Business

BYD Surges Ahead in the Electric Vehicle Market

BYD, the Chinese electric vehicle manufacturer, has achieved remarkable growth, with profits soaring by one-third to €5.1 billion and revenues reaching €99 billion. This success is largely attributed to the booming EV market in China, where BYD has capitalized on the slow response of foreign competitors.

In 2024, the company outpaced Tesla, generating $107 billion in revenue, a 29% increase from the previous year, while Tesla experienced a revenue decline. BYD's innovative 5-minute charging stations further enhance its competitive edge.

With a commanding 32% share of the Chinese new energy vehicle market, BYD's ascent signals significant shifts in the global automotive landscape, particularly as Tesla's presence diminishes.

The press radar on this topic:

DER SPIEGEL
24. März 2025 um 13:37

BYD: Chinese Car Manufacturer Benefits from Slow Competition - DER SPIEGEL

Chinese car manufacturer BYD increased its profit by one third to 5.1 billion euros last year and raised its revenue by 29 percent to 99 billion euros. The growth at BYD is attributed to the rapid expansion of the electric vehicle market in China and the lag of foreign manufacturers. The company is primarily advancing thanks to its affordable electric cars and is now also the world's leading provider of pure battery cars in terms of revenue.
Companies - South China Morning Post
25. März 2025 um 12:31

BYD beats Tesla again as sales top US$100 billion on surging EV deliveries

BYD, the Chinese electric vehicle (EV) manufacturer, has surpassed Tesla in global sales, achieving a record revenue of 777 billion yuan (approximately US$101.1 billion) in 2024, a 29% increase from the previous year. This shift marks BYD's ascension as the world's top EV seller, driven by rising demand in China and government subsidies. Despite a 34% rise in earnings to 40.25 billion yuan, BYD's profitability remains below Tesla's US$7.1 billion last year, indicating a need for improved margi..
EL PAÍS
25. März 2025 um 13:18

Tesla sinks at the beginning of 2025 in Europe: its sales fall by 49% while the electric market rises by 28%

Tesla's European sales collapse by 49%, while electric vehicles surge 28%. German demand drives growth with a 41% increase. BYD deliveries skyrocket 563.5%, Renault's Dacia Spring and Renault 5 models gain traction, and Faconauto warns of concesionarios' sales paralysis. Han Jong-he's death at Samsung Electronics is mourned, and Tesla faces criticism for Elon Musk's ties to Trump and DOGE. Bolsa de Australia probes Berkeley Energía, causing a 20% share plunge.
The Street
26. März 2025 um 21:38

Tesla's 2024 sales lag behind China’s BYD TheStreet Daily Newsletter

China's BYD surpassed Tesla in 2024 sales, generating $107 billion in revenue with a 29% increase, while Tesla's revenue was around $98 billion with a 1.1% decline in sales. BYD unveiled a 5-minute charging station that can provide a 250-mile range, outperforming Tesla's Superchargers. BYD dominates the Chinese new energy vehicle market with a 32% share, while Tesla holds only 6%.
Yahoo Finance
23. März 2025 um 23:00

BYD-Gewinne könnten den Marktwertkampf mit CATL beeinflussen

Die Gewinne von BYD Co., die am Montag veröffentlicht werden, könnten den Marktwert des Unternehmens und seine Position als Chinas wertvollste nicht-staatliche Onshore-Aktie beeinflussen. Der Marktwert von BYD hat diesen Monat erstmals den von CATL übertroffen, aber ein Rückgang der Aktie um 7 % hat die Führung wieder an CATL zurückgegeben. Investoren werden die Ziele von BYD für den Gesamtjahresverkauf und Exporte sowie Aktualisierungen seiner Preisstrategie, die den Gewinn pro Fahrzeug beein..
Tagesschau - Wirtschaft und Börsen-Nachrichten
24. März 2025 um 14:59

Elektromobilität Chinesischer Autobauer BYD steigert Gewinn deutlich

Der chinesische Autobauer BYD hat 2024 einen Gewinn von etwa 5,1 Milliarden Euro erzielt, was ein Drittel mehr als im Vorjahr ist. Der Umsatz stieg um 29 Prozent auf etwa 99 Milliarden Euro. Im Gegensatz zu Tesla überholte BYD diesen bei den Verkäufen in Deutschland will BYD sein Händlernetz ausbauen und Fabriken in Europa bauen, darunter auch in Deutschland.
n-tv.de
24. März 2025 um 15:26

Plus bei Umsatz und Gewinn: BYD wächst in China kräftig - n-tv.de

Der chinesische Autobauer BYD hat im vergangenen Jahr einen kräftigen Verkaufszuwachs erzielt und seinen Gewinn deutlich gesteigert. Der Umsatz stieg um 29% auf etwa 99 Milliarden Euro, während der Gewinn um ein Drittel auf ein Rekordhoch anstieg. BYD hat damit seine führende Position am Heimatmarkt gefestigt und überholt nun auch im Umsatz Tesla.
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