Chinese carmaker BYD has achieved a significant milestone, with total passenger car sales reaching 1.76 million units in 2024, surpassing previous records. The company’s rise is notable as Western brands struggle to gain traction in China, where electric vehicles are gaining popularity. This success marks an important step forward for BYD in its quest to become the top-selling electric vehicle maker of 2024.
Source: https://www.bloomberg.com/news/articles/2025-01-01/byd-chalks-up-new-record-as-it-narrows-ev-sales-gap-with-tesla