Chinese electric-vehicle makers BYD, Nio, Li, and XPeng reported strong sales in December 2024 as the country’s electric vehicle (EV) price war continued. The latest data released by these companies shows a surge in demand for their products.
BYD, a Shenzhen-based EV giant, announced its New Year’s Sale, further fueling the ongoing price competition in the Chinese market. Despite this, the sales numbers from BYD and other major players indicate a positive outlook for the industry.
The recent data provides insight into the performance of these companies as 2024 came to a close. It highlights the growing demand for electric vehicles in China and suggests that the EV price war is having a positive impact on sales.
Source: https://www.marketwatch.com/story/chinese-ev-makers-byd-nio-li-and-xpeng-end-2024-on-a-sales-high-0299997a