In a stunning turn of events, Chinese electric vehicle manufacturer BYD has overtaken its US rival Tesla in fourth-quarter deliveries, achieving a significant milestone. From October to December 2024, BYD delivered an impressive 595,413 EVs, outpacing Tesla's 495,570 units. BYD's rapid growth in the EV market is highlighted by a 13.1% rise in Q4 sales compared to the previous quarter, while Tesla's sales increased by 5%.
For the full year, BYD delivered 1.76 million EVs, closely trailing Tesla's total of 1.79 million. Including all vehicle types, BYD's impressive 4.27 million units in 2024 showcases their expanding dominance. Despite Tesla's launch of the futuristic Cybertruck and autonomous robotaxi vehicles, the company reported a 1.1% decline in overall sales for 2024 due to increasing competition and market transitions.
Join us as we delve into the intense rivalry between Tesla and BYD, exploring the factors driving BYD's aggressive growth and the challenges Tesla faces in maintaining its technological edge. Don't miss out on this exciting update in the global EV market!
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