usatoday24
The year 2024 was marked by a huge fight between the two great giants of electric cars. Byd and Tesla played the market with a disparate luck until closing with a technical draw. The last chapter is signed by its financial results.
Sales. Byd put 4.27 million cars on the market in 2024. The figure is far from 1.79 million cars delivered by Tesla. Elon Musk’s company He failed to exceed the figure of the previous year (1.81 million units) for the first time in the last ten years.
However, Tesla sold more electric cars than byd. Although the Chinese company is famous for its electric cars, the truth is that in 2024 it sold 1.76 million cars, according to Financial Times. The figure It has been ratified In the presentation of results that the Chinese company has carried out last week.
Not just EV. That is, Byd has sold almost 2.5 million more cars than Tesla but has managed to enroll plug -in hybrids. In China, plug and electrical hybrids total in the same category (New energy vehicles) But they are not the same.
In China, the aid for the purchase of electric cars also add up for new energy vehicles. That is why in Byd they focused 15 years ago. Recently, the company has celebrated break the 10 million units barrier of new energy cars manufactured. To reach the first five million it took 15 years but for the subsequent five million it has only taken fifteen months.
A Sorpasso. If we talk about electric cars, BYD has lacked very little to overcome Elon Musk’s company last year. Everything indicates that it will meet the objectives this year although the forecasts point to Sell 5.5 million units of new energy cars in 2025. It has not been specified how many would be electric.
If these figures are fulfilled, Byd will fight with Stellantis for being the fifth largest car manufacturer in the world. Would reach the figure selling only plug -in hybrid models and electric cars, which does not do any of the rivals that in 2024 he had above (Stellantis, General Motors, Hyundai/Kia, Volkswagen and Toyota).
And another already confirmed. If we take into account how 2025 started for Tesla, we can expect Byd to exceed those of Elon Musk in electric. However, in 2024 he already advanced in another equally important parameter: income. Last week he confirmed that they shot over the 107,000 million dollars.
The Chinese company thus broke a barrier that Tesla has not overcome so far. The American company stayed last year at 97.7 billion dollars in its income. The prospects for the Chinese company are even more ambitious for 2025, I have the launch of its new products.
Without loosening. In 2025, Byd does not plan to lift the foot of the accelerator. The company has begun to deploy loaders who promise 400 kilometers recharges in five minutes. For the moment, Only two of your cars They can carry this power but expected to add new models, especially those of greatest cost.
And to this we must add that he recently confirmed that he would put his eye of God in the street (the most advanced driving aid functions) in all his cars, regardless of its price. It is a missile to the company’s flotation line that wants to get an economic performance of it and see how competition gives it.
New horizons. In addition to the above, Byd also has a lot to win because it has new markets in April. In front of Tesla, which has four models (And one of them is only sold in the United States)Byd continues to find a hole for its plug -in hybrids and its electric.
Having combustion engines in their wallet allows them break in Europe And, above all, in countries where The electric car is less developed. Despite Do not sell in the United Stateswait in 2025 Sell 800,000 units outside Chinawhich means duplicating the numbers of 2024.
And the battle for China. To all of the above, it must be added that Tesla’s performance in China is being very bad in these first months of 2025. Byd has reached a point where accumulates a 15% market share In sales. Of the total sales, not only of the new energy models.
Tesla, however, is in free fall in the market. To the point that in February 2024 a little more than 30,000 units enrolled. It did not reflect such a low figure since July 2022, according to CNEV Post. China, the world’s largest electric car market, does not seem the ideal place to suffer with sales if you sell exclusively electric cars.
Photo | Byd and Tesla
GIPHY App Key not set. Please check settings