The post China’s BYD makes $1.3 billion in Q1 2025, surpassing Tesla yet again appeared on BitcoinEthereumNews.com.

BYD reported 9.15 billion yuan in net income for the first quarter of 2025, beating out Tesla for the second time in less than a year. The number came in higher than analysts’ 8.1 billion yuan forecast. Tesla’s Q1 figure? A weak $409 million, posted earlier this week. BYD’s performance gave China’s best-selling car brand a lead not just in units, but profit too. BYD brought in 170.36 billion yuan in revenue from January through March. That’s 36% higher than the same quarter in 2024. But even with that growth, the company missed analyst expectations on sales. What didn’t miss, though, was its profit. This period—usually a slowdown for Chinese automakers because of the Lunar New Year holiday—didn’t hit BYD like it used to. BYD avoids U.S. tariff risk and targets new markets Car sales for the quarter almost hit 1 million units, setting up BYD for its full-year goal of 5.5 million, including 800,000 exports. The company’s not even worried about Donald Trump’s auto tariffs. Trump, now back in the White House, slapped tariffs on foreign carmakers again. But BYD doesn’t sell passenger cars in the U.S. It’s looking elsewhere. South America and parts of Southeast Asia are high-growth targets for BYD, where demand for EVs is climbing. The company is also building a factory in Hungary, expected to start production late 2025. With Europe still buying, and America blocked, BYD is shifting focus without losing money. At this week’s Shanghai auto show, BYD held its ground against European rivals like BMW and Volkswagen. They rolled out the luxury Yangwang U8L SUV, showed off the concept-level Denza Z sports car, and the Dynasty-D series. These aren’t cheap rides. The push into higher-priced models signals a plan to grow profit margins, not just car sales. New stock split and fast-charging battery…

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Filed under: News - @ April 25, 2025 1:28 pm