BYD reported higher 2024 revenue than Tesla, driven by strong hybrid vehicle sales amid intensifying electric vehicle competition. Wang Chuanfu, chairman and president of BYD, hailed the firm’s “rapid development” last year, noting the company became the first automaker globally to reach the milestone of rolling out 10 million new energy vehicles in November. BYD claimed its new Super e-Platform enables cars to reach 400 kilometers of range with just five minutes of charging, though the claim remains unverified. Analysts praised the platform and said it could significantly change how EV owners use their vehicles.
