China’s best-selling car manufacturer BYD sold a record number of electric vehicles and hybrids globally last year, even as fierce competition took hold in its home market.
Tesla’s biggest rival sold 4.3mn EVs and hybrids in 2024, far more than the target of 3.6mn it set earlier, according to a company statement. “China’s champion, the world’s champion,” the company said in a social media post late on Wednesday.
BYD sold more than 1.76mn pure EVs last year, narrowing the gap with Tesla in the race to be the world’s biggest-selling EV company in 2024. Tesla’s fourth-quarter sales figures, due later on Thursday, would have to reach 515,000 for it to meet its 2024 target of 1.81mn EVs sold.
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