10:27 AM EDT, 03/24/2025 (MT Newswires) -- China's BYD reported 2024 operating revenue Monday of 777.10 billion Chinese renminbi ($107.20 billion), up from 602.32 billion renminbi in 2023 and beating Tesla's (TSLA) $97.69 billion revenue for the same year.

Analysts polled by FactSet estimated BYD's 2024 revenue at 767.67 billion renminbi.

BYD's 2024 net profit also increased to 40.25 billion renminbi from 30.04 billion renminbi in 2023.

Shares of Tesla were up over 7% in recent Monday trading.

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