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“China’s BYD Surpasses Tesla in Annual Revenue, Hits $107.2 Billion Milestone”

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by Ashraf Oluwatobiloba, Kaduna.

Chinese electric vehicle (EV) manufacturer BYD has overtaken Elon Musk’s Tesla in annual revenue, marking a significant shift in the global EV market. A stock filing released on March 24, 2025, confirmed that BYD recorded 777.1 billion yuan ($107.2 billion) in revenue for 2024, exceeding Tesla’s $97.7 billion revenue for the same period.

This 29% revenue growth from 2023 surpasses Bloomberg’s forecast of 766 billion yuan for the company. Additionally, BYD reported a net profit of 40.3 billion yuan ($5.5 billion), reflecting a 34% increase from 2023—a record high for the company.

BYD’s Rise as China’s EV Leader

BYD has solidified its position as China’s dominant EV maker, outperforming competitors in the world’s largest and most competitive electric vehicle market. Unlike Tesla, which primarily focuses on high-end EVs, BYD has a diverse lineup of both affordable and premium models, making EV adoption more widespread.

The company’s strategy includes:

  • Aggressive global expansion, with increasing sales in Europe, Latin America, and Southeast Asia.
  • Strong domestic production, enabling cost efficiency and supply chain stability.
  • Cutting-edge battery innovation, positioning BYD ahead of global rivals.

BYD’s Breakthrough Battery Technology

A major factor behind BYD’s record-breaking financial performance is its latest battery technology innovation. The company recently introduced a battery capable of powering a vehicle for up to 470 kilometers (292 miles) after just a five-minute charge.

This breakthrough puts BYD’s 1,000 kW charging system ahead of Tesla’s Superchargers, which currently max out at 500 kW. Such advancements have boosted investor confidence, leading to an all-time high in BYD’s stock price earlier this month.

The Global EV Race: Can Tesla Keep Up?

BYD’s financial and technological strides signal an intensifying battle between the world’s top EV manufacturers. While Tesla remains a dominant force in the Western market, BYD’s aggressive expansion and affordability factor give it a competitive edge in emerging markets.

As the EV market continues to evolve, all eyes are on Tesla’s next moves to maintain its leadership against BYD’s rapid innovation and market penetration.

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Foreign

BREAKING: Trump Orders Investigation into Reported Christian Killings in Nigeria

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By: Fabian Apechihin

U.S. President Donald J. Trump has directed lawmakers to launch an immediate investigation into reports of widespread killings of Christians in Nigeria, describing the situation as a “Christian genocide.”

In a statement released Friday evening via his Truth Social platform, Trump expressed grave concern over the violence, blaming radical Islamist groups for what he called a “mass slaughter.”

“Christianity is facing an existential threat in Nigeria. Thousands of Christians are being killed. Radical Islamists are responsible for this mass slaughter,” he wrote.

The U.S. President announced that he is designating Nigeria a “Country of Particular Concern,” citing alarming figures of killings within the country compared to global totals.

“When Christians, or any such group, are slaughtered like is happening in Nigeria — something must be done! I am asking Congressman Riley Moore, together with Chairman Tom Cole and the House Appropriations Committee, to immediately look into this matter and report back to me,” Trump stated.

He added that the United States “cannot stand by while such atrocities are happening,” pledging that his administration remains ready “to protect Christian populations around the world.”

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Defence/Security

Polish MEP Raises Alarm Over Killings of Christians in Nigeria

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By: Fabian Apechihin

Polish Member of the European Parliament (MEP), Dominik Tarczyński, has once again drawn global attention to what he described as the ongoing persecution and killings of Christians in Nigeria.

In a post on his verified 𝕏 account on Monday, Tarczyński shared an image of a blood-stained Nigerian flag alongside a viral video showing a pastor conducting a burial ceremony for victims of violence.

In the video, the pastor lamented the frequent killings, saying:

“We are tired of performing burial every day, and they expect us to remain silent. It has become an order, and the Nigerian government came out to deny the massacre, saying there is no genocide of Christians in Nigeria. United Nations, you’re watching me. The American Parliament is aware of what we are doing now. My special request is to President Trump to save our lives in Nigeria. They are killing more Christians. If they say they kill Muslims, the Muslims are killed by who? Muslims are killed by Muslims.”

Tarczyński’s post quickly went viral, sparking widespread reactions and renewed calls for the Nigerian government to intensify efforts to combat banditry and terrorism.

However, the Federal Government has repeatedly rejected claims of a religiously targeted genocide. In a recent statement, the Minister of Information and National Orientation, Mohammed Idris, described such allegations as “false, baseless, despicable, and divisive.”

Idris maintained that Nigeria’s security challenges are complex and not driven by religious motives, warning that framing the fight against terrorism as an anti-Christian campaign could deepen existing social and religious divides.

He reiterated the government’s commitment to protecting all Nigerians, regardless of faith or ethnicity, and called on international partners and media outlets to “refrain from narratives that distort the country’s security realities.”

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Foreign

Two Dead After Cargo Plane Skids Off Hong Kong Runway Into Sea

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By: Fabian Apechihin

Two airport security officers were killed early Monday after a cargo plane skidded off the runway at Hong Kong International Airport, struck their patrol vehicle, and plunged into the sea.

The incident involved Emirates flight EK9788, a Boeing 747 arriving from Dubai around 03:50 local time (19:50 GMT Sunday). The aircraft veered off the north runway, crashed through perimeter fencing, and collided with the patrol vehicle, pushing it into the water. Both occupants of the vehicle died, while the plane’s four crew members survived.

According to officials, the plane ended up partially submerged, making it one of Hong Kong Airport’s deadliest aviation accidents in years. Two other runways remain operational as investigations continue.

Airport operations executive director Steven Yiu said the patrol vehicle had been travelling on a service road outside the runway’s perimeter at a “safe distance” when the plane suddenly turned off course.
“Normally, the plane is not supposed to turn towards the sea,” Yiu said during a press briefing. He emphasized that the patrol car “definitely did not enter the runway” and that the aircraft had not sent a distress signal before landing.

Divers later recovered the bodies of the victims—two men aged 30 and 41—about five meters from the shore and seven meters underwater. One was confirmed dead at the scene, and the other died in hospital.

Hong Kong’s transport bureau expressed condolences to the victims’ families, describing the event as “deeply saddening.”

Emirates confirmed the accident, saying the cargo plane “sustained damage on landing in Hong Kong.” The airline noted there was no cargo onboard and that the aircraft had been wet-leased—meaning operated with crew and insurance—from Turkish carrier ACT Airlines.

Firefighters reached the scene within two minutes, rescuing all four crew members who had escaped via the aircraft’s emergency slides. Photos from the crash site show the plane broken in half, with part of its fuselage submerged in water.

Authorities are now searching for the plane’s flight data and cockpit voice recorders (“black boxes”). A police spokesperson said criminal investigations have not been ruled out.

The affected runway will remain closed pending the outcome of the investigation. At least 11 incoming cargo flights were cancelled on Monday, according to airport authorities.

This is only the second fatal aviation accident at Hong Kong International Airport since it relocated to Chek Lap Kok in 1998. The previous one occurred in 1999, when a China Airlines jet crash-landed during a typhoon, killing three people.

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