News

BYD surpasses Tesla with $107 billion in revenue

BYD surpasses Tesla with $107 billion in annual sales, leading EV market and unveiling groundbreaking battery technology.

Published

9 months ago

March 26, 2025

ticker NEWS

BYD surpasses Tesla with $107 billion in annual sales, leading EV market and unveiling groundbreaking battery technology.

In Short

BYD’s annual revenue of 777 billion yuan for 2024 surpasses Tesla’s, driven by strong hybrid vehicle sales. The company has introduced groundbreaking battery technology, potentially revolutionising electric vehicle charging and positioning itself as a leader in the automotive market.

Chinese automaker BYD has reported annual revenue of 777 billion yuan, equivalent to $107 billion for 2024. This achievement surpasses that of U.S. competitor Tesla, which reported annual revenue of $97.7 billion.

BYD’s revenue increase of 29% from the previous year is attributed to strong sales of its hybrid vehicles.

Wang Chuanfu, BYD’s chairman, commented on the company’s swift growth, highlighting its status as the first automaker to roll out 10 million new energy vehicles by November.

He noted that BYD is now a leader in batteries, electronics, and new energy vehicles. This marks a significant shift in the global market, challenging established foreign brands.

In a recent announcement, BYD introduced a new battery technology claiming to enable electric vehicles to charge almost as fast as refuelling a petrol car.

The company’s Super e-Platform is reported to allow vehicles to achieve approximately 249 miles of range with just five minutes of charging.

Analysts have described BYD’s new battery platform as groundbreaking, suggesting that it could significantly alter consumer behaviour regarding electric vehicle ownership.

As competition in the electric vehicle sector intensifies, BYD’s advancements position it strongly against Tesla and other rivals in the industry.

The developments signal an important moment in the evolution of electric vehicles, with potential implications for the future of automotive technology.

News

RBA rate hike fears & Fed cuts shake Wall Street

Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.

Published

8 minutes ago

December 12, 2025

Harvey Vargas

Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.

Fresh jobs data has sparked speculation that the Reserve Bank of Australia may raise rates sooner than expected. Market watchers are weighing how steady unemployment may mask deeper labor-market weaknesses and what that means for the Australian economy.

Kyle Rodda from Capital.com breaks down why some economists now expect the RBA could move twice in 2026 and how tighter financial conditions may influence households and businesses.

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#RBA #FedRateCut #WallStreet #InterestRates #AustralianEconomy #Investing #Markets #FinanceNews

News

Netflix vs Paramount: The Warner Bros takeover battle explained

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

Published

24 hours ago

December 11, 2025

Harvey Vargas

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

The battle for Warner Bros is heating up, with Netflix and Paramount in a high-stakes clash that could redefine the streaming and filmmaking landscape. We break down who currently holds the stronger position and why Warner Bros might favor Netflix’s offer over Paramount’s all-cash bid.

Darren Woolley from TrinityP3 joins us to discuss the role of equity upside, shareholder sentiment, and the realistic chances of a hostile takeover. We also explore how political connections and regulatory scrutiny could shape the outcome of this landmark deal.

Finally, we look at the wider impact on competitors like Disney, Amazon, and Apple, as well as creators, production partners, and exhibitors. Who will ultimately win this battle for one of the most influential studios in modern media?

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#WarnerBros #Netflix #Paramount #StreamingWars #MediaTakeover #HollywoodDeals #EntertainmentNews #Ticker

News

Elon Musk’s SpaceX plans $25 billion IPO in 2026

Published

1 day ago

December 11, 2025

Harvey Vargas

SpaceX plans a $25 billion IPO in 2026, potentially valuing the company at over $1 trillion.

Elon Musk’s SpaceX is preparing to raise over $25 billion through an initial public offering in 2026. The move could value the space exploration company at over $1 trillion, fueled by its Starlink internet network and Starship rocket programme.

The IPO discussions are underway with major banks, targeting a launch around June or July. This comes as the IPO market experiences a revival after a three-year slowdown, attracting attention from both institutional and retail investors.

SpaceX is currently the second most-valuable private startup after OpenAI. While investors are excited, some remain cautious about Musk’s ability to manage multiple high-profile companies simultaneously.

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#SpaceX #ElonMusk #IPO #Starlink #Starship #TechNews #Investing #Startup