BYD’s aggressive year-end sales push worked. China’s leading EV maker sold a record number of vehicles in 2024, but

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.

China's BYD, however, looks set to close the gap after reporting 1.76 million EV sales in 2024. The Shenzhen-based firm's total vehicle sales jumped more than 41% in 2024, year-on-year, to more than 4.2 million. The surge was powered mainly by sales of its hybrid cars.

Chinese electric-vehicle makers enjoyed strong sales in December 2024 as the country’s EV price war continued.

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.

China’s BYD Co. enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, narrowing its gap with Tesla Inc. as the two vie for the crown of top-selling electric-vehicle maker of 2024.

Tesla rivals BYD, Nio Li Auto, XPeng and Zeekr all reported record December China EV sales as the price war intensified.

The Chinese automaker BYD, which makes fully electric and hybrid vehicles, just announced record sales for the year.

Tesla's China sales grew 8.8 percent in 2024 to over 6,57,000 units, accounting for 36.7 percent of its deliveries, despite global sales declining by 1.1 percent. BYD delivered 1.76 million EVs globally and expanded exports but missed its target.