China's BYD chalks up new record in EV sales, narrows gap with Tesla

Quick Summary:

Overall annual sales increased 41 per cent year-on-year.

Its target to sell roughly half-a-million vehicles outside China has fallen short of expectations in the face of pushback from the European Union, which has imposed additional tariffs on Chinese EVs.

BYD has trailed Tesla in quarterly sales this year.

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Article Details

Category: BusinessFinance

Markets: IndiaBrazilChina

Topics: China BYD sales Tesla Auto sector BYD sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 16:42:34 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24802418

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