BYD almost surpasses Tesla’s EV sales in Q3 2024/ BYD’s rapid sales growth against Tesla comes in spite of the significantly more challenging trade environment it must navigate. By Stewart Burnett The post BYD almost surpasses Tesla’s EV sales in Q3 2024 appeared first on Automotive World .
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From Jan to June 2024, Non-China Global Electric Vehicle Deliveries Recorded 2.838 Mil Units, a 8.2% YoY Growth - Tesla ranked No. 1 in non-China EV market but still remaining bearish From Jan to June 2024, the total number of electric vehicles registered in countries around the world except China was approx. 2.838 million units, an 8.2% YoY increase. In the non-China market from Jan to June in 2024, Tesla stayed top on the list although it posted a 7.1% YoY degrowth with a decline in sales of Model 3 and Y. The major reason behind degrowth was a reduction in sales of Model Y in Europe and North America.
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"BYD surpassed its 2024 sales target of 4M EVs with just over 4.27M, up 41.3% vs 2023. The Chinese EV and battery giant is likely to overtake Honda and Ford in 2024 global sales..." https://lnkd.in/gqxb2qZe #china #electricvehicles #EVs #technologynews #chinatech
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[What slowdown?] #EV sales are still booming for most automakers. "For every sign of an EV slowdown, another suggests an adolescent industry on the verge of its next growth spurt. In fact, for most automakers, even the first quarter was a blockbuster. Six of the 10 biggest EV makers in the US saw sales grow at a scorching pace compared to a year ago — up anywhere from 56% at Hyundai-Kia to 86% at Ford" reports Bloomberg. Tesla's gap year leaves an opportunity for other OEMs. This is the case for Hyundai and GM, with their successful strategy: aggressively introduce affordable EV models to achieve economies of scale. Demand for EVs stands high, supported by favorable government policies and technological innovations; many long-term forecasts remain unchanged. More in our latest newsletter → https://lnkd.in/ekv6pGgY #graphite #EVs #batteries #electrification
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From Jan to Apr 2024, the number of electric vehicles registered in countries around the world was approximately 4.280 million units, a 20.3% YoY increase. If we look at the global EV sales by major OEMs from Jan to Apr 2024, BYD maintained its top position in the global EV market, recording a 19.0% YoY growth. BYD’s growth was led by favorable sales of Song(宋), Seagull (海鸥), and Dolphin (海豚). BYD has continuously expanded its market share by offering a broad range of options to customers especially in the Chinese market. The number of BYD’s BEV sold, excluding PHEV, was approximately 410k units, and BYD showed a noteworthy, rapid growth in Southeast Asia, South America, and Europe. Tesla ranked 2nd, posting a 11.1% YoY degrowth with reduced sales of its main line-ups. Major reasons for such reduced sales are as follows: production issues faced during the initial stage of Model 3 Highland at the Fremont Factory in the US; delivery delays due to the Red Sea crisis; and the shutdown of Berlin gigafactory due to after arson attack.
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From Jan to July 2024, Non-China Global Electric Vehicle Deliveries Recorded 3.293 Mil Units, a 7.1% YoY Growth - Tesla ranked No. 1 in non-China EV market but posting a degrowth From Jan to July 2024, the total number of electric vehicles registered in countries around the world except China was approx. 3.293 million units, a 7.1% YoY increase.
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From Jan to Sept 2024, Non-China Global Electric Vehicle Deliveries Recorded About 4.32 Mil Units, a 5.4% YoY Growth - Tesla ranked No. 1 in non-China EV market; EV OEMs posted a degrowth again. From Jan to Sept 2024, the total number of electric vehicles registered in countries around the world except China was approx. 4.32 million units, a 5.4% YoY increase.
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Seeking Alpha: EV Company News For The Month Of December 2024 Summary: - Global electric car sales Nov. 2024 up 32% YoY to 28% share. China sales up 51% to 52% share. Europe down 2% to 25% share. USA up 11.5% to 10.4%. - EV market news - China’s share of global electric car market rises to 76% in October 2024. Trump transition team to roll back Biden EV, emissions policies. - EV company news - BYD commercial vehicle sales soar 54% in 2024. Tesla Model Q to debut in first half of 2025 at sub-30,000 USD - report. - Stellantis and CATL to invest up to €4.1 billion in joint venture for large-scale LFP battery plant in Spain. XPeng confirms more than a dozen new EV and PHEVs coming. - Ford risks £100million fine for not meeting electric car goals in UK. G.M. will sell stake in E.V. battery plant to its partner LG, exits robotaxi market. VinFast to build second production plant in Vietnam. Read the full article here: https://buff.ly/40nWzsi
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Tesla Sales Stall as BYD Gains Ground in Global EV Market Tesla, the leading name in electric vehicles \(EVs\), experienced its first annual sales drop in over a decade, signaling shifting dynamics in the competitive EV industry. The company’s global vehicle deliveries fell slightly to 1.79 million in 2024, a 1% decline from 2023. This downturn comes despite Tesla’s aggressive price cuts aimed at sustaining its \[POST_TAGS\] \>\>\> Read more
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China's BYD ranked No. 1 in EV sales, with more than 2.2 million vehicles sold between January and August 2024. Elon Musk's Tesla ranked No. 2, with over 1.1 million vehicles sold. Among the top 10 EV sellers, six are Chinese EV companies, and three are German brands. Source: Global Times #EV #electricvehicles #salesvolume
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Tesla Sales Stall as BYD Gains Ground in Global EV Market Tesla, the leading name in electric vehicles \(EVs\), experienced its first annual sales drop in over a decade, signaling shifting dynamics in the competitive EV industry. The company's global vehicle deliveries fell slightly to 1.79 million in 2024, a 1% decline from 2... [...] #Technology #BYD #GlobalEV #Tesla Read more... https://lnkd.in/dG4JdgEp
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