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24 March 14:15

Chinese electric car maker BYD has announced record financial results for 2024, highlighting a significant increase in sales.

Raluca Ioana Draghici

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Economy

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BYD, a leader in China's electric car market, announced exceptional financial results for 2024, with record profits and sales. This impressive performance underscores the ever-growing demand for electric vehicles amid the global transition to greener transportation solutions. The company is gearing up to further expand its market share, thereby strengthening its leading position in the industry.

Sources

Gigantul chinez BYD anunță profit record, peste un prag simbolic și rivalul Tesla

Gigantul chinez BYD anunță un profit record pentru 2024, superior Tesla

ȘTIRI PE ACELEAȘI SUBIECTE

Economy

BYD's revenues fell by 8% after the first quarterly profit decline in the last three years, despite robust external sales.

International

BYD's shares have dropped by over 30%, losing 45 billion dollars in market cap, and the strategy to reduce prices raises concerns.

Economy

China's electric car companies are increasing their foreign investment, outpacing domestic funds for the first time, according to a Rhodium Group report.

International

China has become the world leader in car exports, surpassing Japan and having a record of 31.4 million vehicles sold in 2025, of which 41% are electric.

Moldova

The Chinese electric vehicle manufacturer BYD will officially enter the market in Moldova on September 19, providing access to models built for Europe.

International

The Chinese platform 'China EV Marketplace' offers European customers the possibility to buy electric and hybrid cars directly from China, with home delivery.

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BYD financial results sales growth China electric vehicles electric car market

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