India, March 25 -- Chinese automaker BYD's revenue surged and surpassed $100 billion last year, meaning that it has now surpassed Elon Musk's Tesla which is one of its biggest rivals.

This comes as the electric vehicle (EV) giant accelerates its overseas expansion, including in Europe, with a new compact electric model and super-fast charging capabilities, according to a report by news agency AFP.

BYD's revenue for 2024 was 777.1 billion yuan ($107.2 billion), according to its filing with the Shenzhen stock exchange on Monday. This is a 29 per cent increase from 2023.

In comparison, Tesla's revenue was $97.7 billion in the same time period.

BYD, whose nomenclature stands for "Build Your Dreams," is making the Europe push at a time whe...