Chinese EV giant BYD hits 4.27 million sales in 2024, overtakes Tesla in quarterly revenue

China Auto Market News

Chinese EV giant BYD hits 4.27 million sales in 2024, overtakes Tesla in quarterly revenue
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SHANGHAI, Jan 2 — 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. The EV and...

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BYD sold 4,272,145 vehicles last year, up 41.3 percent from 2023’s 3,024,417 units, the company said Wednesday. BYD – which adopts the English slogan “Build Your Dreams” – is the biggest EV manufacturer in China, the world’s largest automotive market. The European Union has said that extensive state support has led to unfair competition, with an investigation by the bloc finding that Beijing’s subsidies were undercutting local competitors.

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