Chinese electric-vehicle growth continued in December, with BYD taking the crown of largest global seller from Tesla for the second time.Growth alone, however, wasn’t enough to give all Chinese EV stocks a boost on Thursday.

Chinese car maker BYD saw its sales jump at the end of last year, as it competes with Tesla to be the world's best-selling electric vehicle (EV) maker of 2024. 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.

BYD sets a new EV sales record, narrowing the gap with Tesla. Discover how the Chinese automaker is challenging Tesla’s dominance in the electric vehicle market.

Chinese automaker BYD saw a significant sales boost at the close of 2024, positioning itself as a strong competitor

BYD's sales jumped significantly at the end of 2024, bringing the Chinese EV maker closer to Tesla in the race for global electric vehicle supremacy. With a 41% year-on-year increase, BYD's impressive performance comes amid growing competition,

China’s BYD Co. enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, narrowing its gap with Tesla Inc. as the two vie for the crown of top-selling electric-vehicle maker of 2024.

The EV giant sold 1.76 million electric cars in 2024, per figures released on Wednesday, putting it within touching distance of beating Tesla.

Tesla Inc.’s annual vehicle sales dropped for the first time in more than a decade despite a year-end push that sent deliveries to a record in the fourth quarter.