Because BYD manufactures Plug-in Hybrid Electric Vehicles in addition to Battery Electric Vehicles their total sales far outstrip Tesla which reports Thursday. More on that after the jump.
From CNEV Post, January 1:
BYD sells record 514,809 NEVs in Dec, full year 2024 sales reach 4.27 million
In the fourth quarter, BYD sold 595,413 passenger BEVs and 918,556 passenger PHEVs.
BYD (HKG: 1211, OTCMKTS: BYDDY) saw a new sales record in December, selling more than 4 million units for the first time annually.
The company sold 514,809 new energy vehicles (NEVs) in December, marking the third time it has surpassed the 500,000 mark and the seventh consecutive month of record sales, according to data released today.
This is a 50.95 percent increase from 341,043 in the same period last year and a 1.58 percent increase from 506,804 in November.
BYD ceased production and sales of vehicles powered entirely by internal combustion engines in March 2022, switching to focus on the production of plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV) models.
BYD's NEVs include passenger cars as well as commercial vehicles, with passenger NEVs selling a record 509,440 units in December, up 49.76 percent year-on-year and up 1.08 percent from November.
....MUCH MORE
And from Bloomberg via the Japan Times, January 2:
BYD chalks up new record as it narrows EV sales gap with Tesla
...Tesla target
Tesla will unveil its fourth-quarter sales figures later this week. The Elon Musk-led company needs to deliver at least 515,000 EVs in the final three months of 2024 to meet its guidance for "slight growth” in annual sales, or 1.81 million deliveries, which would be a quarterly record for the company. Analyst estimates are for 510,400 deliveries, just shy of Tesla’s expectations.
BYD has trailed Tesla in quarterly sales this year. By the third quarter, BYD had sold 1.16 million EVs, lagging Tesla by 124,100. However, the Chinese best-seller has seen a last-quarter surge to narrow the gap with its U.S. rival.
On BYD’s December data, it will fall just shy of surpassing Tesla in annual sales. It has only topped Tesla once — on a quarterly basis in the final three months of 2023.....
....MUCH MORE
