{"id":298781,"date":"2025-03-26T15:00:00","date_gmt":"2025-03-26T22:00:00","guid":{"rendered":"https:\/\/sftarticles.wpenginepowered.com\/en\/?p=298781"},"modified":"2025-07-01T15:03:43","modified_gmt":"2025-07-01T22:03:43","slug":"byd-surpasses-100-billion-in-revenues-for-the-first-time-in-2024","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/byd-surpasses-100-billion-in-revenues-for-the-first-time-in-2024\/","title":{"rendered":"BYD Surpasses $100 Billion in Revenues for the First Time in 2024"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In a remarkable financial milestone, BYD has reported record revenues of 777.1 billion yuan (approximately $107 billion) for the year 2024, <strong>marking the first time the company has surpassed the $100 billion threshold.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>This achievement highlights a significant 29% increase from the previous year,<\/strong> positioning BYD ahead of its primary competitor, Tesla, which saw a modest revenue growth of 1% to $97.7 billion during the same period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/en.softonic.com\/articles\/byd-expands-its-electric-vehicle-manufacturing-footprint-in-europe\" target=\"_blank\" rel=\"noopener\" title=\"The fourth quarter of 2024 proved to be exceptionally fruitful for BYD\">The fourth quarter of 2024 proved to be exceptionally fruitful for BYD<\/a>, with revenue reaching 274.85 billion yuan ($38 billion), a staggering 53% leap year-over-year.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">??? ?? ???? ???????? <a href=\"https:\/\/twitter.com\/search?q=%24BYDDF&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BYDDF<\/a><br>EPS: $0.69 vs $0.69 est. \u2705<br>Revenue: $37.92B vs $36.45B est. \u2705<br><br>BYD surpassed Tesla in annual sales revenue in 2024: $107B vs $97.7B for Tesla.<br> <br>BYD sold a record 1,524,270 NEVs (595,423 BEVs) in Q4 up 61.3% YoY and up 34.3% QoQ. <a href=\"https:\/\/t.co\/VN66IWThw5\">pic.twitter.com\/VN66IWThw5<\/a><\/p>&mdash; The Future Investors (@ftr_investors) <a href=\"https:\/\/twitter.com\/ftr_investors\/status\/1904156685456769193?ref_src=twsrc%5Etfw\">March 24, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Tesla continued to lead in EV deliveries with 1.79 million units sold<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This surge was driven largely by the sale of 1.5 million new energy vehicles (NEVs) in the quarter, <a href=\"https:\/\/en.softonic.com\/articles\/prepare-for-fast-charging-byds-new-1000-kw-ev-charger-set-to-transform-industry\" target=\"_blank\" rel=\"noopener\" title=\"which translates to a dramatic growth trajectory as the company expands its production capabilities.\">which translates to a dramatic growth trajectory as the company expands its production capabilities.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although Tesla continued to lead in EV deliveries with 1.79 million units sold, BYD outpaced Tesla in production, manufacturing a total of 1.778 million vehicles. <strong>However, the company&#8217;s gross profit margins have faced pressure, declining from 21.9% in Q3 to 17% in Q4 2024,<\/strong> reflecting an intense price competition in the EV market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking ahead, BYD is aggressively expanding its global footprint, exploring the establishment of a new manufacturing plant in Germany, the heart of Europe\u2019s automotive sector.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"BYD Sales Soar Past $100 Billion, Topping Tesla on Revenue\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/T8UHdU_BnYQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, the company is positioned as a dominant EV brand in emerging markets including Brazil and Mexico, with sales projected to double in 2025 to approximately 186,000 vehicles.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reflecting its strong performance, <strong>BYD&#8217;s stock recently hit an all-time high on the Hong Kong Stock Exchange, surging nearly 100% over the past year.<\/strong> With ambitious plans for new luxury models, electric supercars, and cutting-edge smart technology, BYD&#8217;s potential for growth in the coming years appears promising.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a remarkable financial milestone, BYD has reported record revenues of 777.1 billion yuan (approximately $107 billion) for the year 2024, marking the first time the company has surpassed the $100 billion threshold. This achievement highlights a significant 29% increase from the previous year, positioning BYD ahead of its primary competitor, Tesla, which saw a &hellip; <a href=\"https:\/\/cms-articles.softonic.io\/en\/byd-surpasses-100-billion-in-revenues-for-the-first-time-in-2024\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BYD Surpasses $100 Billion in Revenues for the First Time in 2024&#8221;<\/span><\/a><\/p>\n","protected":false},"author":9317,"featured_media":298782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wpcf-pageviews":0},"categories":[1015],"tags":[8320,8319],"usertag":[],"vertical":[],"content-category":[6849],"class_list":["post-298781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-byd","tag-ev","content-category-lifestyle"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/298781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/users\/9317"}],"replies":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/comments?post=298781"}],"version-history":[{"count":1,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/298781\/revisions"}],"predecessor-version":[{"id":308485,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/298781\/revisions\/308485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media\/298782"}],"wp:attachment":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media?parent=298781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/categories?post=298781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/tags?post=298781"},{"taxonomy":"usertag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/usertag?post=298781"},{"taxonomy":"vertical","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/vertical?post=298781"},{"taxonomy":"content-category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/content-category?post=298781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}