BYD surpassed Tesla in global battery electric vehicle sales for the first time in 2024, according to a new International Council on Clean Transportation report released Tuesday, according to Benzinga. BYD surpassed Tesla in global BEV sales for the first time in 2024, though both remain leaders in the market, according to the report. China’s domestic market now accounts for over 11 million EVs sold annually, representing more than half of global EV sales, according to the report. BYD is expanding globally with a strong focus on growing its presence in Europe. The Chinese EV giant launched its Seagull EV in Europe as the $26,000 Dolphin Surf, part of a revamped strategy after missing initial regional targets.
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Elon Musk Has A New Problem: BYD Beats Tesla In Global EV Sales Amid Europe Expansion
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