Etiqueta: Tariffs

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?

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.

BYD sold 1.7 million battery EVs in 2024, nearing the 1.81 million EVs sold by Tesla in 2023.

Issue 95 provides insights on topics covering Economy, Financial Services, Energy, Technology, Media & Telecommunications, Government & Public Services, Life Sciences & Health Care, Retail, Auto, and Logistics.

Bringing Taiwan to the World and the World to Taiwan

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Yup, 2024 is a wrap. Looking back to determine the biggest electric vehicle stories of the year, I could look through thousands of stories to try to identify the biggest — and I’ll probably ... [continued]