China's BYD and EV Peers Post Record December Sales
The Wall Street Journal|January 03, 2025
Chinese companies offered discounts and benefited from a trade-in program
JIAHUI HUANG
China's BYD and EV Peers Post Record December Sales

BYD sold a record number of electric and hybrid vehicles in December, leading a host of Chinese peers benefiting from a government trade-in program in the world's largest market for EVs.

China's top domestic EV maker said Wednesday that it sold 514,809 vehicles in the final month of 2024, notching a third consecutive month of sales exceeding the 500,000 mark and lifting full-year sales 41% higher to 4.3 million vehicles. The company was also helped by robust overseas sales, which rose 58% to more than 57,000 vehicles in 2024.

This story is from the January 03, 2025 edition of The Wall Street Journal.

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This story is from the January 03, 2025 edition of The Wall Street Journal.

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