BYD Surpasses Tesla in Annual Revenue with Hybrid Demand and Affordable EV

BYD has overtaken Tesla in annual revenue, reporting approximately £83 billion, a 29% increase, driven by strong hybrid vehicle demand. While BYD and Tesla sold similar numbers of fully electric cars (1.76 million vs. 1.79 million), BYD's total sales, including hybrids, reached 4.3 million. BYD launched the Qin L, a cheaper alternative to Tesla's Model 3, starting at £13,400 in China. The company promotes fast-charging battery tech and offers free advanced driver-assistance features. Tesla anticipates launching its full self-drive technology soon, starting in China.

Read more news on this topic:

Hybrid Vehicles Surge in China as Battery-Electric Sales Plateau

Tesla Faces Growing Competition as BYD Surpasses 4 Million Sales

BYD Surpasses Tesla in Electric Vehicle Production, Challenging U.S. Market Dominance

Did you find an error or inaccuracy?

We will consider your comments as soon as possible.