Automundo China

Beijing considers export restrictions on strategically important materials in retaliation to US tariffs

China's booming EV market tips the scales as Tesla fights to keep its crown against BYD's relentless rise.

BEIJING: U.S. electric vehicle maker Tesla said on Friday its 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.

Despite the sales bump, though, Tesla is still close to losing its top global EV-seller crown to Chinese rival BYD

Tesla achieved record EV sales in China, with December marking an 83,000-unit milestone, up 12.8% from November. For 2024, Tesla sold 657,000 vehicles in China, an 8.8% increase year-on-year.

Discover 2025's automotive trends, from EV discounts to sports cars and hybrid dominance.

(Bloomberg) -- Tesla Inc. recorded its first-ever drop in annual shipments from its Shanghai plant since the facility started mass production in 2020, a clear sign of the intensifying local competition and lukewarm global demand.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for

By Jiahui Huang Tesla's China sales fell in December as local automakers continued to squeeze its market share. The U.S. electric-vehicle maker sold 93,766 China-made cars in December, 0.4%...