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Chinese EV giant BYD surpasses rival Tesla with record 2024 revenue
The Shenzhen-based firm has emerged in recent years as the clear leader in China's highly competitive EV market, which is the largest in the world.
It is also increasingly seeking new growth channels abroad, vowing to conquer the European market with a new compact electric model and super-fast charging capabilities to rival continental brands.
The Chinese juggernaut's push into Europe comes at a challenging juncture for Tesla, whose sales in the continent have dropped following CEO Elon Musk's support for far-right political groups there.
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