Chinese auto giant BYD overtook US rival Tesla in sales of electric vehicles for a second time in the final quarter of 2024, according to a report by the South China Morning Post.
BYD beat Tesla by more than 20% in terms of deliveries, SCMP reported, noting that the carmaker shipped 595,412 battery electric vehicles (BEVs) for the quarter.
Tesla, meanwhile, delivered 495,570 vehicles globally in the same period.
BYD’s deliveries were up 13.1% year-on-year, while Tesla’s shipments grew 2.3% from a year earlier, the SCMP noted.
This is the second time BYD has overtaken Tesla as the world’s biggest seller of EVs in a quarter. It last managed to do so in the final quarter of 2023, before swiftly losing the crown in the next three months.
This time, however, the carmaker may manage to retain its edge, in light of slowing sales at Elon Musk-led Tesla. The US carmaker saw its first-ever drop in annual sales last year due to shifting consumer interests, increasing competition from BYD and an aging vehicle lineup.
It still managed to sell a record number of cars in China and hold on to a marginal lead over BYD for the year.
Read the full report: The South China Morning Post.
- Vishakha Saxena
Also read:
Tesla Sees Record Year in China Despite First Global Sales Slump
China’s BYD Gaining Greater Sales, May Outsell Ford, Honda
BYD Sales Boom in Southeast Asia While Tesla Growth Slows
In U-Turn, Elon Musk Says US Tariffs on Chinese EVs ‘Not Good’
Trump Planning to Clamp Down on Chinese EV Supply Chains
Chinese Electric Vehicles Selling Well in Non-Tariff Norway
Brazil Now Top Destination For Chinese EVs As Exports Explode
Musk May Build China Data Centre for Tesla Self Driving System
