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China EV maker BYD closes in on Tesla as sales jump

  • BYD sold 207,734 EVs in December, bringing its annual total to 1.76 million, aided by subsidies and discounts.
  • BYD's total vehicle sales increased by over 41% in 2024 compared to the previous year.
  • In Q3 2024, BYD's revenues surpassed Tesla's for the first time.
  • BYD sold 514,809 units in December, exceeding its full-year sales target by almost 19%.
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Investor's Business Daily broke the news in on Tuesday, December 31, 2024.
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