Automundo China

BYD reports record sales of 1.76 million EVs in 2024, intensifying competition with Tesla for the top spot in the global EV market.

BRAND HEALTH CHECK: After outpacing Tesla in revenue and smashing sales records in 2024, China's EV powerhouse faces its biggest challenge yet. With the EU slamming on 45% tariffs and the U.S. market locked down, can BYD jump-start its global ambitions, or will trade barriers force a power-down?

Tesla is still the world's largest electric vehicle maker, though it continues to face intense competition from its Chinese counterparts.

BYD has released teaser images of the Tang L and Han L, its first mention of the two new models.

Chinese chip vendors' efforts to achieve self-sufficiency in automotive ICs have shown progress, but their advancement is hindered by a high barrier formed by European IDMs, according to industry sources.

BEIJING (Reuters) -U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in

Tesla's electric vehicle sales in the world's largest auto market increased in December by 12.8% from a month earlier to a record high of 83,000 units, according to Tesla China. The U.S. automaker's EV sales in China also logged their best year in 2024 with a 8.8% rise to 657,000 units.

Tesla's China sales rise to record high of 83,000 in December

Tesla sold about 196,900 vehicles in China in the fourth quarter, contributing 40 percent of global deliveries.

This chart shows the annual production of electric vehicles by market leaders Tesla and BYD.