China's BYD closes in on Tesla as sales jump

Quick Summary:

Chinese firm got a boost from subsidies encouraging consumers to replace old cars with greener ones.

BYD sells 90% of its cars in China, where its been extending its lead over foreign brands like Volkswagen and Toyota.

The company says it sold 207,734 EVs in December, taking its annual total to 1.76 million, as subsidies and discounts helped attract customers.

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Article Details

Category: Business

Markets: United KingdomBrazilChinaGermanyJapan

Topics: Chinese 2024 Last Been Tesla Cars Sales Company Electric Vehicle Maker

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 02:57:24 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © BBC Business

News ID: 24812377

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Official Website: bbc.co.uk

Year Established: 1922

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