Politics

BYD, China's dream of conquering the global automobile market

China dreams of leading the electric car market, and sales data point it toward this goal. The leading Chinese brand, BYD, has announced that by 2024 it will surpass the sales revenue of the current market leader, Tesla. BYD is the acronym for build your dreams [Build your dreams]. And dreams are starting to come true. The company is celebrating its strong results for the last fiscal year, which put it ahead of Tesla. While Elon Musk's company had a turnover of $97.7 billion, BYD surpassed it with revenues of $107.2 billion.

China dreams of leading the electric car market, and sales data point it toward this goal. The leading Chinese brand, BYD, has announced that by 2024 it will surpass the sales revenue of the current market leader, Tesla. BYD is the acronym for [Build your dreams].

And dreams are starting to come true. The company is celebrating its strong results for the last fiscal year, which put it ahead of Tesla. While Elon Musk's company had a turnover of $97.

7 billion, BYD surpassed it with revenues of $107.2 billion..