AssetID: 54409911
Headline: UNCAPTIONED: BYD Closes in on Tesla in Global EV Race
Caption: BYD Closes in on Tesla in Global EV Race. Chinese automaker BYD ended 2024 with a surge in sales competing closely with Tesla for the title of the world’s top EV maker. The company sold over 207,000 EVs in December, bringing its annual total to 1.76 million, thanks to subsidies and discounts. Meanwhile, Tesla is set to release its quarterly sales figures soon, holding a slim lead over BYD in the previous quarter. BYD’s total vehicle sales rose by 41% in 2024, driven largely by hybrid models and a booming Chinese market. Competitive pricing and government incentives have encouraged buyers to switch to EVs and fuel-efficient options. BYD, which sells 90% of its cars in China, continues to widen its lead over foreign brands like Volkswagen and Toyota. The rise of BYD contrasts sharply with the struggles of legacy carmakers in Western markets. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Motoring,Chinese,automaker,BYD,ended,2024,surge,sales,competition,Tesla,EV,subsidies,discount,quarterly sales figures,lead,booming,market,foreign brands,Toyota,Volkswagen,strubbles,legacy carmakers,Western Market
PersonInImage: