BYD’s 2024 Financial Report Figures Are Record Breaking
29% year-on-year growth in revenue!
BYD’s 2024 financial report showcases record-breaking growth, solidifying its leadership in the global EV and sustainable energy markets.
The company’s revenue reached RMB 777.1 billion, reflecting a 29% year-on-year increase, while net profit attributable to shareholders grew by 34% to RMB 40.3 billion.
Committed to innovation, BYD invested RMB 54.2 billion in R&D, a 36% rise from the previous year, bringing its total R&D expenditure to over RMB 180 billion.
Financially, the company achieved new milestones, with domestic tax contributions hitting a record RMB 51 billion and cash reserves increasing to RMB 154.9 billion, enhancing its financial stability.
BYD’s continued success reinforces its dominance in the new energy vehicle (NEV) sector as it advances sustainable mobility and technological progress.
Editor James was at BYD’s HQ to sample its latest tech - stay tuned as we bring you the full report!
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