Chinese electric-vehicle growth continued in December, with BYD set to take the crown of largest seller from Tesla for the second time. Growth alone, however, wasn’t enough to give all the Chinese EV stocks a boost.

BYD is closing in on Tesla after a record December closed off a good 2024 for the Chinese EV giant. The company sold 4.25 million new energy passenger vehicles last year, according to data released on Wednesday.

BYD's sales jumped significantly at the end of 2024, bringing the Chinese EV maker closer to Tesla in the race for global electric vehicle supremacy. With a 41% year-on-year increase, BYD's impressive performance comes amid growing competition,

BYD sets a new EV sales record, narrowing the gap with Tesla. Discover how the Chinese automaker is challenging Tesla’s dominance in the electric vehicle market.

The EV giant sold 1.76 million electric cars in 2024, per figures released on Wednesday, putting it within touching distance of beating Tesla.

Tesla rivals BYD, Nio Li Auto, XPeng and Zeekr all reported record December sales. But a price war is intensifying.

Chinese automaker BYD saw a significant sales boost at the close of 2024, positioning itself as a strong competitor

All-electric vehicles represented 41.5 per cent of BYD total sales with 1.7m BEVs sold and hybrids securing the rest. Vying with BYD is Tesla, which will reveal its 2024 sales figures in the first quarter of 2025. Tesla delivered 1.8m pure-EVs in 2023, though the American firm was 2.3 per cent down on this figure after nine months in 2024.

Chinese EV maker enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year. Read more at straitstimes.com.

Chinese automaker BYD ended 2024 with a surge in sales, competing closely with Tesla for the title of the world's top EV maker. The company sold over 207,000 EVs in December, bringing its annual total to 1.