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BYD Hit $100 Billion. Next: An EV Factory Bigger Than San Francisco

  • Chinese automaker BYD has surpassed Tesla by hitting $107 billion in annual revenue for 2024.
  • BYD's revenue overtake is a small puzzle piece in the larger picture of a shifting EV landscape in China where locals are shifting their purchasing to domestic brands.
  • BYD's latest project in Zhengzhou is a massive factory, expected to be the size of the entire city of San Francisco, dedicated to EV production.
  • BYD plans to install enough capacity to produce about one million cars annually at its Zhengzhou facility, further solidifying China's status in auto manufacturing.

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