New Delhi, March 24 -- Chinese electric vehicle maker BYD has surpassed rival Tesla with record revenue for last year as it accelerates its overseas expansion.

Shenzhen-based BYD on Monday reported 777.1 billion yuan ($107.2 billion) in revenue for 2024, as compared to Tesla's $97.7 billion in revenue last year.

The revenue also represented a 29 per cent rise from the previous year.

In recent years, BYD has emerged as the clear leader in China's highly competitive EV market, which is the largest in the world.

The Chinese juggernaut's push into Europe helped It in challenging Tesla, whose sales in the continent fell following CEO Elon Musk's support for far-right political groups there.

Last week, BYD Vice President Stella Li had said...