Chinese EV giant BYD surpasses rival Tesla with record 2024 revenue

The famous brand BYD has put an end to one of the biggest problems of electric cars, its long recharge times, but of course this will alter its competition, especially Tesla who was striving with great innovations to not lose his leadership Will this be the big step for BYD to take the lead? Goodbye to pauses to recharge In search of a more respectful mobility with our planet, electric cars have become increasingly famous, as unlike traditional …

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Five Things To Know As BYD's 5-Minute EV Chargers Juice Up Next Week

Five Things To Know As BYD's 5-Minute EV Chargers Juice Up Next Week Less than two weeks after China's BYD unveiled game-changing EV charging technology capable of delivering 1,000 kW fast charges and adding 250 miles of range in just five minutes, BloombergNEF analysts published a note Wednesday titled "Five Things to Know About BYD's Five-Minute Charging." BloombergNEF EV analyst Ash Wang told clients that BYD's 1,000 kW chargers are "as fast …

The Shenzhen-based firm said revenue rose 29 percent to 777 billion yuan ($107 billion; £83 billion), boosted by sales of its hybrid vehicles. That surpassed the $97.7 billion reported by Elon Musk's Tesla, according to Yahoo Finance.BYD just launched a lower-priced car to rival Tesla's Model 3, which has long been China's best-selling electric vehicle.

Other competitors also predict progress in this direction.

China's superfast charging technology is twice as fast as Tesla's — fully recharging EVs in just 6 minutes

BYD's e-platform charges twice as fast as Tesla's superchargers, meaning its cars can travel up to 250 miles on a five-minute charge