Automundo China

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.

Tesla ($TSLA) witnessed a record-breaking sales performance in China, delivering nearly 83,000 electric vehicles (EVs) in December. This represents a 12.8% rise com...

China’s EV boom offers climate hope, but market dominance risks new environmental challenges.View on euronews

China’s EV boom offers climate hope, but market dominance risks new environmental challenges.