BYD's revenue surpasses $100B, overtaking Tesla

4 days ago

Chinese carmaker BYD saw a surge in revenue last year, a stock filing showed, surpassing the $100 billion mark and beating rival Tesla as the Shenzhen-based firm accelerates its overseas expansion. BYD has emerged in recent years as the clear leader in China's highly competitive electric vehicle market, which is the largest in the world. The country's automotive champion recorded $107.2 billion