Etiqueta: BYD

BYD Company defied EV sector weakness in 2024 with strong fundamentals & market multiples indicating it's not overvalued.

Chinese electric vehicle (EV) giant BYD achieved a remarkable milestone, 4.25 million vehicle sales by 41% increase compared to 2023, setting a new record.

The number of electric vehicles (EVs) produced by Chinese new-energy vehicle (NEV) maker BYD surpassed that of US automaker Tesla in 2024, while in terms of EV sales, BYD's gap with Tesla narrowed to within 30,000 units last year, according to freshly-released financial statements by the two companies. The new trend speaks volume for the growing competitiveness of Chinese NEV and its popularity in global markets, which is bolstered by technological advancement and across-the-supply-chain advantage, auto analysts said.

Electric vehicle company BYD has announced record sales for the last year, boosted by rising Chinese demand, as well as government trade-in deals.

According to both companies' production and sales results for the year 2024, Tesla delivered 495,570 electric vehicles (EVs) during the fourth quarter, while BYD delivered 595,413 units.

Chinese auto giant BYD has made a remarkable entry into the Turkish market, achieving 6,591 vehicle sales within just 32 days following its new product launch

BYD's rapid ascent challenges Tesla's reign as the EV leader, but with Tesla's innovation and loyal following, the 2025 showdown for EV supremacy is heating up.

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