Etiqueta: Europe

The profound and sustained challenge to auto industry economics will force cost cutting, mergers — and all the political wrangling, labor unrest and trade friction this entails.

The title of the worlds largest maker of pure electric cars no longer belongs to Tesla. A fierce competitor has surged ahead, with focus on innovation, this company has outpaced Teslas dominance in the EV market.

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.

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?

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The world’s top two electric vehicle companies, BYD and Tesla, just released their latest annual sales figures, and they make some really interesting reading. Tesla leads the way in terms of battery electric vehicle ... [continued]

A drop in global Tesla deliveries in 2024 and a surge in BYD EV sales has increased pressure on the world's biggest BEV brand.

BYD's 2024 Sales Spike Challenges Tesla's Dominance in EV Race

Read our outlook on the EV market for 2025, including insights into how increasing production in China will shape the industry.

Leading Chinese electric car maker BYD's vehicle sales surged in 2024, the company said in a statement, as the firm grows its overseas presence.BYD's figures come after global EV sales hit a record 1.8 million units in November, according to industry research company Rho Motion.