Automundo China

December once again boasted the strongest month on record with some dizzying figures from automakers, as China’s car retailing maintained its growth trajectory in the past six months.

BYD Auto, China's electric vehicle (EV) king, was the world's biggest seller of pure electric cars in the fourth quarter of 2024, as Tesla's sales for the period fell short of expectations. Shenzhen-based BYD beat Austin, Texas-based Tesla by more than 20 per cent in terms of deliveries. In the fourth quarter, BYD delivered 595,412 battery electric vehicles (BEVs) to customers, up 13.1 per cent from a year earlier. The company, which counts Warren Buffett's Berkshire Hathaway as a shareholder, a

BYD has only just missed out on the title of the world's largest electric car manufacturer. With 1.76 million electric cars, the Chinese manufacturer is

Though Tesla's (TSLA) global deliveries slipped 1.1% in 2024, sales in China mustered up despite ongoing price wars and stiff competition from homegrown brands

STORY: Tesla sales hit a record in China in 2024. They rose 8.8% to over 657,000 vehicles during the year, and were up even more in December. Friday’s news comes a day after the EV maker reported its first ever decline in worldwide sales.They fell 1.1%, and missed boss Elon Musk’s forecast of slight growth. Tesla shares fell around 6% in U.S. trade on Thursday following the news. The better numbers in China come amid an EV price war there. Tesla has extended discounts and zero-interest financing on some models in the country. But it faces a bruising battle with local champion BYD. It cut prices sharply on some models, and overshot sales targets as a result. They jumped 41% to over 4.25 million units. Its overseas sales surged even more, rising almost 72% but still falling short of targets. Over the coming year, BYD faces headwinds including new tariffs in the EU, and a probe into labor standards for workers building a plant in Brazil.

China is poised to transform its energy landscape with a new policy directive aimed at bolstering the development of low-carbon hydrogen.

Tesla's 2024 China sales hit 657,000, up 8.8%, despite a 1.1% global delivery decline amid rising competition and subsidy cuts.

American electric vehicle manufacturer Tesla (TSLA) reported that it sold over 657,000 vehicles in China last year, marking an 8.8% increase from the previous y

In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries.