In a stunning turn of events, Chinese automaker BYD has reported annual revenue of 777 billion yuan, surpassing Tesla. With a 29% increase from last year, BYD's rapid development in EVs and new battery technology is reshaping the market landscape.
Experience the thrill of drifting Polestar electric vehicles on frozen lakes in Sweden! Discover how these EVs handle winter conditions and the innovative technology behind their performance.
Chinese EV maker BYD has overtaken Tesla in annual revenue, reporting a 29% increase to 777 billion yuan. With new lower-priced models and advanced technology, BYD is poised for growth amid Tesla's controversies and market challenges.
BYD has introduced a revolutionary ultra-fast EV charging system that allows drivers to fully charge their vehicles in just 5 to 8 minutes, rivaling traditional refueling times. This leap in technology aims to eliminate range anxiety and bolster the EV transition in China, where sales of new energy vehicles surged 40% last year. With plans to install over 4,000 charging stations, BYD is positioning itself as a formidable competitor in the EV market, even as it pressures Tesla's stock.