China EV maker BYD closes in on Tesla as sales jump
- Tesla reported its first full-year drop in sales as increased competition and slowing demand affected outcomes.
- BYD Co Ltd. Sold 509,440 new energy passenger vehicles in December, a nearly 50% increase from last year, driven by plug-in hybrid sales.
- Despite a decline, Tesla's annual sales of 1.8 million vehicles outpaced BYD by 24,000, keeping it as the largest EV maker.
- Sales of electric vehicles continue to grow globally and in the U.S., albeit at a slower pace than before.
183 Articles
183 Articles
EV sales up around the world
The NewsBYD sold more electric vehicles than any other company in the fourth quarter of 2024, once again outpacing its rival Tesla. Other Chinese EV makers also saw significant growth. Recent wobbles in the EV market have not changed the overall direction of travel: India saw 27% sales growth in 2024, falling just shy of 2 million units sold, according to government data, while in Norway almost 90% of all cars sold last year were electric. An in…
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