Elon Musk Has A New Problem: BYD Beats Tesla In Global EV Sales Amid Europe Expansion

Benzinga

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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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02BYUD surpassed Tesla and global battery electric vehicle sales for the first time in 2024,

00:07according to a new International Council on Clean Transportation report,

00:11released Tuesday, according to Benzinga.

00:13BYUD surpassed Tesla and global BEV sales for the first time in 2024,

00:18though both remain leaders in the market, according to the report.

00:21China's domestic market now accounts for over 11 million EVs sold annually,

00:25representing more than half of global EV sales, according to the report.

00:28BYUD is expanding globally with a strong focus on growing its presence in Europe.

00:32Chinese EV giant launched its Seagull EV in Europe as the $26,000 Dolphin Surf,

00:38part of a revamped strategy after missing initial regional targets.

00:40For all things money, visit Benzinga.com.

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