BYD’s sales last year surpassed the $100 billion mark, leapfrogging Elon Musk’s Tesla Inc. on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features.

Shenzhen-based BYD reported revenue of 777 billion yuan ($107 billion) for the 12 months ended Dec. 31, up 29%, according to a filing late Monday, beating estimates for 766 billion yuan. Tesla’s 2024 revenue was $97.7 billion. The Chinese EV maker’s net income rose 34% year-on-year to 40.3 billion yuan, beating analyst estimates for 39.5 billion yuan.

BYD has risen quickly to the top of China’s car market — the world’s biggest and most competitive in terms of electric vehicles. This year alone, BYD has unveiled a new ecosystem that allows EVs to charge for 400 kilometers in just five minutes and introduced advanced driver assistance technology in even its most basic models. Investors have sent its shares to a record and BYD’s Hong Kong-listed stock is up around 51% this year.

BYD also sells about the same number of EVs as Tesla — 1.76 million in 2024 versus 1.79 million — but, when all of its other passenger hybrid car sales are included, it’s much larger. BYD’s total deliveries last year climbed to 4.27 million, almost as much as Ford Motor Co.
BYD has forecast it can sell between 5 million to 6 million vehicles this year. It’s already off to a strong start, with sales in the first two months of 2025 up 93% year-on-year to 623,300 units.

One area where Tesla still clearly leads however is market valuation. The US carmaker is worth about $800 billion despite a share-price rout that’s seen the stock plunge 38% this year. BYD has a market capitalization closer to $157 billion.

Musk’s EV maker also makes more money on an absolute basis; Tesla’s net income last year was $7.6 billion.

But whereas Tesla is losing in China — shipments have been backsliding there for the past five consecutive months on a year-on-year basis — BYD is winning. China is still far and away BYD’s biggest market, where it commands a share of almost 15%, not just for new-energy vehicles but any sort of passenger car.

BYD doesn’t sell passenger cars in the US yet due to punitive tariffs on made-in-China automobiles, but it’s made big inroads into markets in Europe, places in Asia like Singapore and Thailand, as well as Australia.

Wang Chuanfu, BYD’s chairman and founder, said in a statement the company planned to keep boosting research and development while bolstering its product competitiveness, including in its focus of succeeding outside of China.

He also said that Chinese auto brands in the era of intelligence-led vehicles were no longer merely followers, but rather at the forefront of the trend. They’re “daring” to be first in the world and are collaborating with other domestic brands to go global and move up the value chain, he said.

BNEF's Ryan Fisher reports.


--------
Get more on The Bloomberg Intelligence Podcast
On Apple: http://bit.ly/3YrBfOi
On Spotify: http://bit.ly/3SPPZ8F
Anywhere: http://bit.ly/43hOc0r
Follow us on X: https://twitter.com/BloombergRadio
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy

Visit our YouTube channels:
Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake

⁣African American has DNA roots to Egyptian Pharaoh Ramesses III, great story.

⁣US Secretary Blinken and the Congo president meet to discuss trade. Do you think the Congo president starts the conversation the right way. "WE HAVE LOTS OF MINERALS" - is this the best way to start a conversation.

⁣US AID Dr Arikana Chihombori-Quao explains why Africa does not need US AID. We are just fine without AID the AID is holding us back.

In this video, we explore the growing movement toward de-dollarization in Africa and the continent's ambitious goal of establishing a single currency through the African Continental Free Trade Area (AfCFTA). As African nations seek to reduce reliance on the US dollar, we delve into the economic and political factors driving this shift. Discover how AfCFTA aims to strengthen intra-African trade, foster financial independence, and promote a unified African currency to reshape global trade dynamics. Is Africa ready to break free from the dollar? Watch to learn more about this pivotal moment in Africa's economic history.

Please SUBSCRIBE, LIKE, COMMENT and Share, Thank for Watching
#Love
#Peace
#AfricanSolutions

They finally watered the NBA down . This is the 2025 slam dunk winner. he won off some weak dunks.

⁣TalkAfrica Ask a Colonizer what he thinks about Sahel states leaving ECOWAS..WHY are we asking them, you already know his answer.

⁣Ramposa sells out again , he cant be stopped. One problem in Africa is this Ramposa he is bad news for Black people.

⁣Blinkin shuts down African stream. Why has African Stream been shutdown in the land of Free Speech.

⁣Obama speaks to Black men only. Is he right should we stay and vote as a group or should we break off on our own and vote Republican , is he correct about Trump.

⁣Nigerian President Speech to protestors 2024. He never really addresses any concerns he must be held accountable.

Ibrahim Traore - The New Thomas Sankara & The Man Saving Africa's Natural Resources - In the annals of Burkina Faso's history, a new figure has emerged in the form of Ibrahim Traoré, drawing comparisons to the iconic revolutionary leader, Thomas Sankara. Ibrahim Traoré, a once relatively obscure and low-ranking officer in Burkina Faso's military, has swiftly risen to the center of the nation's political stage. In September 2022, Traoré and a group of soldiers successfully executed a coup, overthrowing President Paul-Henri Damiba, and the aftermath of their audacious move is marked by jubilant crowds welcoming Traoré as the self-declared leader.
With an aura of charisma and an agenda that echoes Sankara's ideals of progress and social justice, Traore has been hailed by some as the new torchbearer of Burkina Faso's aspirations. However, the parallels drawn between the two figures also raise questions about the potential impact of Traore's rule on the nation's political landscape and whether he can truly emulate the legacy of the indomitable Thomas Sankara.
During his conversation with Radio France International, Ibrahim Traoré confidently declared that his time in power would be transitory, as a National Conference was on the horizon to appoint a new interim leader before the year's end. Demonstrating his dedication to a smooth transition of power, he emphasized his commitment to honoring an agreement made with West Africa's Regional bloc, which aims to restore civilian rule in Burkina Faso by 2024. Despite these pledges, the future trajectory of the nation remains shrouded in uncertainty, leaving many questioning what lies ahead for Burkina Faso in this crucial period of transition.

▬▬▬▬▬▬▬▬▬
✅SUPPORT US /AFFILIATE LINKS
Use this affiliate link for your purchases at #MIZIZI International -
https://bit.ly/3hajEY9
Support our channel -
PayPal: newafricachannel(at)outlook.com
Follow us on Instagram - https://www.instagram.com/thenewafricachannel/
Follow us on Twitter - https://twitter.com/TheNewAfricaCh1
Join us on Facebook - https://www.facebook.com/thenew.africachannel.3
▬▬▬▬▬▬▬▬▬
✅COPYRIGHT DISCLAIMER
The New Africa Channel doesn't fully own some of the materials compiled in its videos. It belongs to people or organizations who ought to be respected.
If used, it falls under the following provisions: Copyright disclaimer section 107 of the Copyright Act 1976. "Fair use" is allowed for purposes such as criticism, comment, news reporting, teaching, scholarships, and research.
✅ If you are the owner of the materials used in this video, contact us, and we will follow your request immediately: info(at)thenewafricachannel.com
▬▬▬▬▬▬▬▬▬
✅COMMENTING POLICY
Keep your comments and posts appropriate, helpful, and relevant. Any offensive, disrespectful, harmful, threatening, vulgar, obscene, or inappropriate content will be removed immediately. Spamming, vandalizing, promoting, and advertising are also not allowed. While we encourage free speech and open discussion, attacking or harassing other users is not tolerated. Repeat violators of this policy will be reported and may face a ban.
▬▬▬▬▬▬▬▬▬
#AfricaNews #TopAfricaNews #News #NewsAfrica #AfricaNews

Paul Kagame, President of Rwanda, addresses the general debate of the 78th Session of the General Assembly of the United Nations (New York, 19 - 26 September 2023).

Rwanda's President Paul Kagame said his county “remains committed to working with partners, including the United Nations High Commissioner for Refugees, to contribute to a durable solution. He was referring to migration crisis, also affecting his county, saying that every year migrants and
refugees undertake dangerous journeys in search of a better future.

Addressing the General Assembly today (20 Sep), Kagame added, “that is part of our promise to leave no one behind.”

According to him, “this week, the International Telecommunications Union, led by Doreen Bogdan-Martin, together with UNDP, also unveiled a major new initiative on inclusive Digital Public Infrastructure.” He added, “Rwanda is very happy to be associated with these efforts, which show the United Nations at its best.”

The Rwandan President also said, “for Rwanda, the source of our solidarity comes from our commitment to never allow a repetition of the tragedy that was inflicted on us, nearly thirty years ago.”

Kagame concluded, “we continue to remain grateful to all who have accompanied us on our journey, as we plan to commemorate the Genocide against the Tutsi for the 30th time in April 2024.”

The UN General Assembly (UNGA) is the main policy-making organ of the Organization. Comprising all Member States, it provides a unique forum for multilateral discussion of the full spectrum of international issues covered by the Charter of the United Nations. Each of the 193 Member States of the United Nations has an equal vote.

The United Nations is an international organization founded in 1945. Currently made up of 193 Member States, the UN and its work are guided by the purposes and principles contained in its founding Charter.

The UN has evolved over the years to keep pace with a rapidly changing world.

But one thing has stayed the same: it remains the one place on Earth where all the world’s nations can gather together, discuss common problems, and find shared solutions that benefit all of humanity.

General debate website: https://gadebate.un.org/

----------------------------------------

مشاهدة هذا الفيديو باللغة العربية على موقع البث الشبكي للأمم المتحدة
请在联合国网络电视（UN Web TV）观看中文版视频
Regardez cette vidéo en français sur UN Web TV
Vean este video en español en UN Web TV
Смотрите это видео на русском на UN Web TV
https://webtv.un.org

Screenshot credit: UN Photo/Cia Pak

#UNGA #UnitedNations

⁣PAUL KAGAME RECENT SPEECH AT THE UNITED NATIONS. Powerful speech direct and to the point.

⁣AFRICAN DIASPORA LISTEN UP, GREAT SPEECH BY THE PRESIDENT OF GHANA AT THE US AFRICAN SUMMIT.

⁣Yeezy tells Adidas he is free don't need your money!

⁣Barbados - Prime Minister Addresses United Nations General Debate, 77th Session

⁣Nana Akufo-Addo President Addresses United Nations General Debate, 77th Session

Top 10 Historical Reasons Why Africans Wear #Wigs Today
https://youtu.be/PC-wYrv8lNY

Thank you for watching 2nacheki pronounced (tunacheki) it means 'We Are Watching ' in Swahili slang. Our goal is to educate & inform you about everything in Africa while showing the World that Africa is Watching.
~~-~~-~-
Our #Africanvideos covers; #AfricaContent #AfricaLists #AfricaNews #AfricaMusic #AfricaDance #AfricaSpeeches #AfricaEntertainment #AfricaHistory #AfricaInterviews #AfricaDocumentaries #Panafricanism #Africapop-culture #AfricanCulture #AfricanPolitics and more
~~-~~-~-
We now have Merchandise https://teespring.com/stores/2nacheki
~~-~~-~-
Membership: https://www.youtube.com/channe....l/UCG7uFJVZsxQRwDsso
Patreon: https://www.patreon.com/2nacheki
Website: http://2nacheki.tv/
-~-~~-~
Thanks for watching 2nacheki the biggest African channel on Youtube . All our videos are aimed at Educating, Informing, Reporting, Reviewing, Criticizing & Ranking everything African inorder to build a better Africa.
-~-~~-~
Email us 2nacheki@gmail.com for News Tips, Content submission, Ads, Submissions, Takedowns, Collabos and Inquiries

Discover our eBooks and Audiobooks on

Google Play Store
https://play.google.com/store/....books/author?id=Intr
Apple Books
https://books.apple.com/lu/aut....hor/introbooks/id107
Kobo
https://www.kobo.com/us/en/search?query=introbooks&fcsearchfield=Author
Amazon
https://www.amazon.com/IntroBo....oks/e/B01B9J0IFM/ref
Audible
https://www.audible.com/search....?searchAuthor=IntroB
Scribd
https://www.scribd.com/author/443542810/IntroBooks
IntroBooks
https://readintrobooks.com


The African-American history is fragment of America’s history which precisely converses the Black American traditional groups staying in United States of America. Maximum of this population are original people of Africa who were deliberately brought and kept in confinement in the United States of America from 1555 to 1865. Many blacks whose ancestors had emigrated from the Caribbean to America are also considered to be African-American as their roots go back to Central or West Africa.