Tesla ’s global EV dominance may soon be coming to an end. Chinese automaker BYD ended 2024 with a bang, recording a massive 4.25 million passenger car sales. Among these, 1.76 million were fully electric vehicles (EVs), a 41% increase from the previous year.

China's BYD, however, looks set to close the gap after reporting 1.76 million EV sales in 2024. The Shenzhen-based firm's total vehicle sales jumped more than 41% in 2024, year-on-year, to more than 4.2 million. The surge was powered mainly by sales of its hybrid cars.

Tesla rivals BYD, Nio Li Auto, XPeng and Zeekr all reported record December China EV sales as the price war intensified.

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

Chinese automaker BYD Co. (1211.HK, BYDDF) has shattered its 2024 sales targets, delivering 4.27 million electric vehicles — a 41.3% leap from 2023. The company also hit a monthly sales record in December,

U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.

Thus, to keep its crown as the world's top seller of electric cars, Tesla needs to deliver over 400,000 cars in the final quarter to keep ahead of BYD. The U.S. carmaker sold a record 1.81 million vehicles in 2023, and it is expected to reveal its fourth-quarter deliveries for 2024 later this week.

Tesla, the US electric vehicle giant, celebrated record sales in China in 2024, but analysts warn that sustaining this performance in 2025 could prove challenging as competition with domestic players intensifies.

Chinese car maker BYD saw sales jump at the end of last year, leaving it closer to claiming the title of the world's best-selling electric vehicle (EV) maker of 2024. The company says it sold 207,734 EVs in December,

Tesla's electric vehicle sales in the world's largest auto market increased in December by 12.8% from a month earlier to a record high of 83,000 units, according to Tesla China. The U.S. automaker's EV sales in China also logged their best year in 2024 with a 8.