In a historic shift in the electric vehicle (EV) industry, Chinese EV giant BYD has surpassed Tesla in revenue, cementing its position as a global leader in sustainable transportation. In 2024, BYD reported an impressive revenue of 777.1 billion yuan ($107.2 billion / PKR 29.9 trillion), surpassing Tesla’s $97.7 billion (PKR 27.3 trillion).

Beyond revenue, BYD’s net profit soared to 40.3 billion yuan ($5.5 billion / PKR 1.53 trillion), demonstrating the company's strong financial performance. Sales figures also tell a compelling story: BYD sold 4.3 million vehicles in 2024, with a remarkable 161% increase in February sales alone.

One of BYD’s game-changing innovations is its Super e-Platform battery, capable of 1,000-kW ultra-fast charging. This revolutionary technology allows a five-minute charge to provide a staggering 470 km of driving range, setting a new benchmark in EV efficiency and convenience.

Global Expansion & Market Strategy

BYD is not just dominating in China; it is making aggressive strides into the European market, despite facing trade hurdles. The company is focused on affordable and energy-efficient EVs, positioning itself as the go-to choice for mass adoption worldwide.

With groundbreaking technology, record-breaking sales, and a vision for a greener future, BYD is redefining the global EV industry—and Tesla now has serious competition.