On Friday, the biggest Chinese competitor in Tesla announced parents’ income in the first quarter.
Byd said its net profit had increased 100% since last year to 9.15 billion yuan, or about $ 1.3 billion.
This means that the automaker in China has exceeded Tesla on another key metric. Elon Musk’s company declared a net profit of $ 409 million for the same period, a drop of more than 70% compared to the same period in 2024.
In addition to the rise in power, ByD said that operating income increased by 37% compared to the same period in 2024, reaching 170.4 billion yuan, or about $ 23.3 billion.
BYD’s profit by action also jumped in the first quarter, up 99% to 3.12 yuan per share, or about $ 0.43.
Last year, byd exceeded Tesla on overall annual income, declaring $ 107 billion in revenues, compared to $ 98 billion in Tesla.
Byd has developed aggressively outside China in recent years.
At the same time, Tesla started 2025 to fight against the fall in sales and mass manifestations against CEO Musk for its close involvement with the Trump administration.
Last month, Byd unveiled a new system which, according to him, can give 250 miles of load in just five minutes.
1,000 kW chargers are four times more powerful than Tesla’s current chargers, who, according to him, can add 200 miles of range in 15 minutes. Tesla plans to deploy 500 kW loaders later this year.
Byd’s technology is available in its Han L and Tang L SUV sedan, with prices for the first to $ 30,000.
Chinese business cars remain unavailable in the United States, but Byd has always taken forward on Tesla for sales.
BYD sales jumped 60% in the first three months of 2025, while Tesla deliveries came well below the expectations of analysts.
businessinsider
