China’s BYD hits over 4.27 million EV sales in 2024, surpasses Tesla in quarterly revenue for the first time
SHANGHAI, CHINA: In the third quarter of 2024 (Q3 2024), Chinese electric vehicle (EV) giant BYD surpassed Tesla in quarterly revenue for the first time. On Wednesday, the company reported record-breaking sales of over 4.27 million (4,272,145) vehicles in 2024, marking a 41.3 per cent increase from 2023’s 3,024,417 units sold.
BYD has only just missed out on the title of the world's largest electric car manufacturer. With 1.76 million electric cars, ...
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.
Also in today’s newsletter, South Korean cryptocurrency mogul Do Kwon in court and Alibaba agrees to sell stake in Sun Art Retail ...
A similar phenomenon has occurred in China, where local municipalities have implemented their own incentives for EVs. For ...
BYD, Nio, Xpeng, Li Auto, Stellantis-backed Leapmotor and Geely’s Zeekr all delivered record numbers of EVs last month.
BYD will officially launch some of its most popular EVs in another overseas market in just a few weeks. The Chinese EV giant is now looking to break into South Korea, a market dominated by automakers ...
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