BYD overtakes Tesla..!? Specialty of these Chinese cars?
Chinese car manufacturer BYD is creating a sensation in the global automobile industry. The latest annual revenue figures released make this clear. It is noteworthy that BYD has even surpassed electric vehicle (EV) giant tesla in revenue. Shenzhen-based BYD earned a total revenue of $107 billion last year. This represents a 29 percent growth compared to the previous year. At the same time, Tesla's revenue was recorded at $97.7 billion. These figures are evidence of BYD's rapid growth. Hybrid vehicles have played a key role in BYD's success. Last year, tesla sold 1.79 million electric vehicles, while BYD sold 1.76 million. However, it is worth noting that BYD also sold hybrid vehicles. Overall, BYD has made its presence felt by selling 4.3 million vehicles worldwide. Models like the 'Queen L' in particular are attracting consumers as they are available at half the price of the tesla Model 3.
On the other hand, there are claims that Tesla's head Elon Musk's close relationship with US President trump is also affecting the sales of tesla cars to some extent. Also, the fact that Western countries impose high taxes on Chinese-made cars is also becoming a challenge for companies like BYD. However, BYD is making its mark in the international market with its strong product range, competitive prices, and cutting-edge technology. Overall, BYD is giving tough competition to tesla not only in terms of revenue but also in terms of sales. BYD's dominance is especially evident in the hybrid vehicle segment. Features like low prices, cutting-edge technology, and fast charging are making BYD more accessible to consumers around the world. BYD is likely to become an even stronger force in the electric and hybrid vehicle market in the coming days. This could be seen as a warning sign for Tesla.
Chinese car manufacturer BYD is creating a sensation in the global automobile industry. The latest annual revenue figures released make this clear. It is noteworthy that BYD has even surpassed electric vehicle (EV) giant tesla in revenue. Shenzhen-based BYD earned a total revenue of $107 billion last year. This represents a 29 percent growth compared to the previous year. At the same time, Tesla's revenue was recorded at $97.7 billion. These figures are evidence of BYD's rapid growth. Hybrid vehicles have played a key role in BYD's success. Last year, tesla sold 1.79 million electric vehicles, while BYD sold 1.76 million. However, it is worth noting that BYD also sold hybrid vehicles. Overall, BYD has made its presence felt by selling 4.3 million vehicles worldwide. Models like the 'Queen L' in particular are attracting consumers as they are available at half the price of the tesla Model 3.
On the other hand, there are claims that Tesla's head Elon Musk's close relationship with US President trump is also affecting the sales of tesla cars to some extent. Also, the fact that Western countries impose high taxes on Chinese-made cars is also becoming a challenge for companies like BYD. However, BYD is making its mark in the international market with its strong product range, competitive prices, and cutting-edge technology. Overall, BYD is giving tough competition to tesla not only in terms of revenue but also in terms of sales. BYD's dominance is especially evident in the hybrid vehicle segment. Features like low prices, cutting-edge technology, and fast charging are making BYD more accessible to consumers around the world. BYD is likely to become an even stronger force in the electric and hybrid vehicle market in the coming days. This could be seen as a warning sign for Tesla.