<h1>BYD Reports Record Revenue of 777.1 Billion Yuan for 2024, Surpasses Tesla Despite 3.2% Share Drop</h1> Chinese electric vehicle manufacturer BYD reported a record revenue of 777.1 billion Yuan (USD 107 billion) for 2024, surpassing Tesla's USD 97.7 billion. The company's sales of battery electric and hybrid vehicles increased by 40%, with a net profit of 40 billion Yuan (USD 5.6 billion), a 34% rise from the previous year. Despite launching a new mid-sized sedan and a fast EV charging system, BYD's Hong Kong shares fell by 3.2%. Automotive sales comprised 80% of its revenue, with 29% of sales from outside Greater China. BYD continues to expand exports but faces tariffs in the EU and potential challenges in the US market.