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

Chinese car maker BYD saw its sales jump at the end of last year, as it competes with Tesla to be the world's best-selling electric vehicle (EV) maker of 2024. The company says it sold 207,734 EVs in December, taking its annual total to 1.76 million, as subsidies and discounts helped attract customers.

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.

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.

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,

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. The EV

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.

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