Sales surge in 2024 for Chinese EV giant BYD

Quick Summary:

SHANGHAI: Leading Chinese electric car maker BYD's vehicle sales surged in 2024, the company said in a statement on Wednesday (Jan 1), as the firm grows its overseas presence.

The European Union has said that extensive state support has led to unfair competition, with an investigation by the bloc finding that Beijing's subsidies were undercutting local competitors.

In December alone, BYD sold 57,154 vehicles outside of China - a 58.3 per cent jump from the same period in 2023.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaThailandUnited States

Topics: Company Sales Last Cent Year Electric Chinese Vehicles 2024 Sold Beijing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 18:32:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 24817432

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Official Website: channelnewsasia.com

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