Tesla sales stall as China's BYD closes in
China's BYD, however, looks set to close the gap after reporting 1.76 million EV sales in 2024. The Shenzhen-based firm's total vehicle sales jumped more than 41% in 2024, year-on-year, to more than 4.2 million. The surge was powered mainly by sales of its hybrid cars.
BYD Auto, China's electric vehicle (EV) king, was the world's biggest seller of pure electric cars in the fourth quarter of ...
Tesla's electric vehicle deliveries dropped 1.1% in 2024, missing estimates, while BYD surged ahead with 12.1% growth.
A similar phenomenon has occurred in China, where local municipalities have implemented their own incentives for EVs. For ...
BYD continued to rapidly expand in 2024, selling 4.27 million vehicles, an impressive 41.3% jump over the 3 million sales in ...
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