China's Byd Surged To A New Sales Record, Challenging Tesla For Ev Dominance

BYD has been on a red-hot sales streak thanks to strong demand for its EVs and hybrids.Christopher Furlong/Getty ImagesBYD posted its best-ever sales for Q4, turning up the heat on Tesla.The Chinese carmaker is competing with Tesla to be the world's biggest maker of EVs.Tesla is reporting its own figures this week, which will determine which company is on top.BYD has reported record annual sales as it challenges Elon Musk's Tesla for the status of the world's top electric-vehicle maker.BYD sold 1.76 million battery electric cars in 2024, per figures released Wednesday.That figure puts it within range of pipping Tesla's annual sales.That total was part of a large haul of 4.25 million cars sales by BYD, which includes its hybrid vehicles as well as pure-electric.BYD has been on a red-hot run in recent months, buoyed by aggressive discounts and the booming popularity of its hybrids.The company, known for affordable cars like the $10,000 Seagull hatchback, sold nearly 510,000 EVs and hybrids in December, the new figures say — a monthly record.BYD, which in late 2023 recorded higher quarterly sales than Tesla for the first time, is now trying to top the US automaker's annual sales total.Tesla is due to report fourth-quarter sales figures later this week, which will show whether BYD managed to outpace it.Elon Musk's automaker, which does not sell hybrids, sold around 1.29 million EVs in the first three quarters of 2024.That means it needed at least 467,000 sales in the fourth quarter to beat BYD's 1.76 million total for 2024.Like its Chinese rival, Tesla ended 2024 with a spree of discounts and deals in an attempt to boost sales.

Topics:  christopher furlong/getty   000 seagull   elon musk's ev   wang chuanfu   china   chinese ev   brazil   asia   europe   business insider   tesla   chinese   evs   elon musk   ev   us   byd   sales   record   million   cars   figures   company   automaker   sold   annual   world   battery   red-hot   discounts   expanding   hybrids   market   maker   total   week   
BING NEWS:
  • The rise of Chinese Tesla rival BYD, which just hit a sales record
    The Chinese automaker BYD, which makes fully electric and hybrid vehicles, just announced record sales for the year.
    01/3/2025 - 7:06 am | View Link
  • Chinese EV giant BYD sales surge in 2024
    Leading Chinese electric carmaker BYD's vehicle sales surged in 2024, the company said in a statement, as the firm grows its overseas presence. The electric vehicle (EV) and battery giant is the most ...
    01/3/2025 - 3:11 am | View Link
  • BYD Record Sales: A Challenge to Tesla’s EV Dominance
    BYD reports record sales of 1.76 million EVs in 2024, intensifying competition with Tesla for the top spot in the global EV market.
    01/2/2025 - 4:17 pm | View Link
  • BYD’s year-end sales surge fuels a record 2024, but was it enough for the global EV lead?
    BYD’s aggressive year-end sales push worked. China’s leading EV maker sold a record number of vehicles in 2024, but ...
    01/2/2025 - 5:47 am | View Link
  • China's BYD surged to a new sales record, challenging Tesla for EV dominance
    The EV giant sold 1.76 million electric cars in 2024, per figures released on Wednesday, putting it within touching distance of beating Tesla.
    01/1/2025 - 12:00 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News