Tesla sales stall as China's BYD closes in
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.
An anticipated sales decline after a subsidy expires is expected to exacerbate the financial squeeze that is throttling ...
CarBuzz on MSN4d
China Just Got Another Step Closer To EV SupremacyA similar phenomenon has occurred in China, where local municipalities have implemented their own incentives for EVs. For ...
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