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Chinese electric vehicle maker BYD reports 2024 revenue over $100B, topping Tesla's sales

Quotes

    • 88:88
      Toyota, being the world’s number one automaker, its craftsmanship, design, and products are worth learning from — only by standing on its shoulders can we reach new heights,
      CNN
      he said in the Tencent interview
    • 88:88
      They’re not resting on their laurels, as you can see from the God’s Eye announcement and from the fast-charging announcement,
      CNN
      Tu Le, founder and managing director of the consultancy firm Sino Auto Insights, told CNN
    • 88:88
      We believe sales momentum will remain robust for 2025, and BYD will be able to retain its leadership with the rollouts of new-generation models equipped with the advanced driver-assistance system,
      CNN
      Vincent Sun, Morningstar’s senior equity analyst, wrote in a Monday research note
    • 88:88
      The bottleneck for electric vehicles is the battery,
      CNN
      he said in the Tencent interview
    • 88:88
      Aside from the geopolitics, I think there are more challenges in how they operate in different countries,
      CNN
      said Lei Xing, an independent analyst focusing on China’s auto industry
    • 88:88
      They’re not planning to take their foot off the gas on research and development spend this year, so it’s going to be a consistent onslaught probably through the end of this decade,
      CNN
      he said
    • 88:88
      Wang Chuanfu
      Our goal is to make EV charging as fast as refueling a gasoline car,
      The Manila Times
      BYD chairman Wang Chuanfu said at the launch event
    • 88:88
      Chinese brands continue to grow in overseas markets despite external pressures, driven by ongoing innovation in both technology and software,
      Global Times China
      Cui Dongshu, secretary-general of the China Passenger Car Association, told the Global Times on Tuesday
    • 88:88
      The core advantage of Chinese EV makers lies in product competitiveness - particularly in smart driving and intelligent cockpit technologies,
      Global Times China
      Wu Shuocheng, a veteran automobile industry analyst, told the Global Times on Tuesday
    • 88:88
      The growth potential remains enormous. Compared with other brands, Chinese EVs are evolving faster, offer better value for money, and are becoming increasingly popular globally,
      Global Times China
      Cui added
    • 88:88
      The scale of China's auto industry brings significant cost advantages, allowing Chinese brands to remain price-competitive even amid rising tariffs,
      Global Times China
      he said
    • 88:88
      BYD has become an industry leader in every sector from batteries, electronics to new energy vehicles, breaking the dominance of foreign brands and reshaping the new landscape of the global market,
      CNBC
      Wang said in a statement
    • 88:88
      Seth Goldstein
      Eventually, Tesla may have to cut its FSD price in China,
      CNN
      Seth Goldstein, an analyst at Morningstar, wrote in a Monday research note
    • 88:88
      All relevant parties are actively advancing the process, and once everything is ready, we will roll out the updates as soon as possible,
      CNN
      it said in a statement in response to a recent post by Tesla vice president Grace Tao, whose account was flooded with user complaints about the trial’s abrupt suspension