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BYD Just Hit $100 Billion in Sales—What That Means for Tesla and the EV World

  • Chinese electric vehicle manufacturer BYD has surpassed Tesla with over $100 billion in annual sales, selling 4.3 million vehicles in 2024.
  • BYD's success can be attributed to volume, offering both hybrids and EVs, dominating the Chinese market, and aggressive pricing.
  • Tesla's sales in Europe have dropped by 45%, while BYD is expanding globally and investing in new markets.
  • BYD is competing with Tesla in terms of smart driving systems and ultra-fast charging technology, pushing the boundaries of innovation.

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