Chinese EV giant BYD surpasses rival Tesla with record 2024 revenue

Chinese carmaker BYD surpassed $100 billion in revenue for 2024, overtaking Tesla as it expands overseas. The company saw a 29% increase compared to the previous year and achieved a profit of 40.3 billion yuan. BYD aims to dominate the European market with superior battery technology, though it faces potential EU scrutiny and US tariffs.