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.
BYD recently launched a cheaper electric car to compete with Tesla. This move will help it further strengthen its position in China's rapidly growing EV market. BYD is gaining consumer trust by offering cutting-edge features at a low price. Apart from price, BYD is also showing its uniqueness in technology. This year, the company introduced the latest fast-charging technology. According to this, a distance of 400 km can be covered with just five minutes of charging. At the same time, tesla vehicles may take at least 15 minutes to charge. In addition, BYD is offering a new driver assistance system called 'God's Eye' for free in its basic models. This provides users with a better and safer driving experience.
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.
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Sowmiya Sriram

26/03/2025 09:25 AM