Chinese electric car company BYD has won the race and left Tesla behind in annual sales ranking. This is making $107 billion in revenue in 2024. This is a 29% increase from the previous year, showing BYD’s rapid growth in the electric vehicle market.
Wang Chuanfu the CEO of BYD said the company is growing fast and leading the industry in battery and EV technology.
BYD’s new charging system provides 250 miles of range in just 5 minutes, while Tesla’s Supercharger takes 15 minutes to deliver 200 miles.
BYD also offers its “God’s Eye” driver-assistance system for free, whereas Tesla charges $99 per month or a one-time fee of $8,000 for its Full Self-Driving (FSD) feature.
Tesla is struggling in China, where BYD holds 32% of the market. Tesla has just 6.1% and is waiting for approval to launch its FSD feature.
In Europe, Tesla’s sales dropped 40% in February, marking two straight months of decline.
So this growth is indicating that BYD is growing fast with better technology and pricing. This is a danger for Tesla, if they want to stay in market they should think about the pricing and how to grow in coming days as competitor are rasing.
The New York Little Italy European Street Fair, which evokes the memory of the Feast of San Gennaro, is what… Read More
Dubbed The People’s Open, the WM Phoenix Open 2026 will turn TPC Scottsdale into an energized place with huge crowds… Read More
In 2026, a high-protein, low-cal caffeine boost of espresso mixed with whey, collagen, or plant protein is made protein coffee… Read More
The Lantern festivals shine on February 17, 2026, and the Lunar New Year is finished by the glowing festivities across… Read More
Possibly in heraldic change in Arab politics, a controversial new leak brought forward by journalist Sami Kamal al-Din indicates the… Read More
The Colonial Quarter of Cartagena is a fascinating place, attracting tourists as the best treasure, combining the Spanish architecture of… Read More
This website uses cookies.
Read More