While Tesla dominates the electric vehicle (EV) market, China’s BYD has reported that it sold more pure electric cars than Tesla in the fourth quarter of 2024.
Texas-based Tesla produced approximately 459,000 vehicles and delivered more than 495,000 in Q4 2024, according to its sales figures. Across the whole of 2024 it delivered 1,789,226 vehicles – down about 1% from the 1.8 million delivered in 2023.
Its Shenzhen-based rival BYD, which produces both pure battery electric vehicles (BEVs) and hybrids, reported selling 1.76 million EVs in 2024. In Q4 2024, it delivered 595,412 BEVs – a 13.1% increase on Q4 2023. Tesla delivered 495,000 in the same quarter.
Overall, BYD sold more than 4.2 million cars in 2024, with its year-on-year sales jumping by more than 41%. The surge was powered mainly by hybrid car sales. Most of its cars are sold into the Chinese market.
China is Tesla’s second-largest market after the US; according to its sales figures it delivered 36.7% of its cars to customers...