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.
Tesla's China sales hit record high in 2024, bucking global decline
U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.
China’s BYD hits over 4.27 million EV sales in 2024, surpasses Tesla in quarterly revenue for the first time
SHANGHAI, CHINA: In the third quarter of 2024 (Q3 2024), Chinese electric vehicle (EV) giant BYD surpassed Tesla in quarterly revenue for the first time. On Wednesday, the company reported record-breaking sales of over 4.27 million (4,272,145) vehicles in 2024, marking a 41.3 per cent increase from 2023’s 3,024,417 units sold.
Hybrid-powered vehicles are proving more popular than battery-only ones in China, even as consumers shift away from gas-only ...
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The 'godfather of EVs' explains why China is winning the race to go electric — and why hybrids are a 'fool's errand'Former Aston Martin CEO Andy Palmer told BI that automakers ditching EVs for hybrids risked falling even further behind their ...
Marketplace's China correspondent Jennifer Pak explains the factors that have made Chinese EV makers competitive and could ...
BYD Auto, China's electric vehicle (EV) king, was the world's biggest seller of pure electric cars in the fourth quarter of ...
Leading Chinese electric car maker BYD's vehicle sales surged in 2024, the company said in a statement, as the firm grows its ...
According to reports, electric vehicles are expected to outsell ICE-powered cars in the Chinese market for the first time in ...
China’s top auto firms are likely to diversify by introducing petrol cars and hybrid models to blunt the impact of trade ...
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