China's BYD Was The Top EV Maker In 2024, Beating Tesla
BYD produced 4,500 more electric vehicles than Tesla did in 2024. Can Tesla catch back up?
China's BYD Was The Top EV Maker In 2024, Beating Tesla
BYD’s fourth-quarter output surpasses Tesla as world’s largest maker of pure electric cars
In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries
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BYD Auto, China’s electric vehicle (EV) king, was the world’s biggest seller of pure electric cars in the fourth quarter of 2024, as Tesla’s sales for the period fell short of expectations.
Shenzhen-based BYD beat Austin, Texas-based Tesla by more than 20 per cent in terms of deliveries. In the fourth quarter, BYD delivered 595,412 battery electric vehicles (BEVs) to customers, up 13.1 per cent from a year earlier. The company, which counts Warren Buffett’s Berkshire Hathaway as a shareholder, also sold 918,556 plug-in hybrid cars (PHEVs) in the fourth quarter, up 120.7 per cent from a year earlier.
Elon Musk’s Tesla delivered 495,570 vehicles globally in the fourth quarter, falling short of a consensus forecast of 512,277 vehicles, according to a Bloomberg survey of analysts. Tesla’s deliveries were up 2.3 per cent from a year earlier and 7.1 per cent from the third quarter. All Teslas are BEVs.
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