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That means it needed at least 467,000 sales in the fourth quarter to beat BYD's 1.76 million total for 2024. Like its Chinese rival, Tesla ended 2024 with a spree of discounts and deals in an ...
BYD ended 2024 achieving 4,272,145 sales, a 41.3% increase compared to 2023. [363] [364] In the Chinese domestic market, with 3,718,281 retail sales, BYD is the market leader with a 16.2% share (all vehicles) and 34.1% share in the new energy vehicle category. Plug-in hybrid vehicles contributed about 60% of its wholesale sales in that year.
Aided by robust sales in China, BYD is on course to top its annual sales target of 4 million vehicles, which would put it ahead of Japan's Honda and Detroit-based Ford for 2024.
BYD ended production of purely internal combustion engined cars in March 2022. BYD's automotive business constitutes the majority of BYD's revenue. In 2023, BYD reported a revenue of around CN¥483.4 billion from automotive and related products, a year-on-year increase of 48.9% and accounted for 80.27% of BYD's total revenue. [58]
The BYD brand distinguishes their passenger car line-up under three "series", namely the Dynasty series (started by the BYD Qin in 2012), a line of higher-end vehicles with "dragon-inspired" designs aimed at the traditional mass markets; [2] [3] the Ocean series (started by the BYD Dolphin in 2021), a line of "ocean-themed" vehicles based on new aesthetic designs by Wolfgang Egger and the ...
Tesla sales slumped in the first half of 2024 before starting to pick up again. In the final three months of 2024, it delivered about 495,000 cars, up 2% year-on-year and a quarterly record.
The Atto 3 was introduced in Indonesia in January 2024 alongside the Dolphin and Seal, as part of BYD's entry to the Indonesian passenger car market. [46] Sales price were announced at the 31st Indonesia International Motor Show in February 2024. [47] It is available in Advanced (49.9 kWh) and Superior (60.4 kWh) variants. [48]
Chinese automaker BYD dethroned Tesla to become the world’s top seller of electric vehicles last year.To get to that position, BYD has relied on its home market of China for more than 80% of its ...