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Chinese electric vehicle maker BYD has reported its revenue soared to a record $107 billion last year as its sales of battery electric and hybrid vehicles jumped 40%.

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Chinese electric vehicle maker BYD's sales last year hit $107 billion in revenue, beating Tesla's 2024 revenue of nearly $97.7 billion. BYD's sales of battery electric and hybrid vehicles jumped 40%.

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BANGKOK (AP) — Chinese electric vehicle maker BYD logged a record 777.1 billion yuan ($107 billion) in revenue last year as its sales of battery electric and hybrid vehicles jumped 40%.