BYD’s aggressive year-end sales push worked. China’s leading EV maker sold a record number of vehicles in 2024, but

Chinese electric-vehicle growth continued in December, with BYD set to take the crown of largest seller from Tesla for the second time. Growth alone, however, wasn’t enough to give all the Chinese EV stocks a boost.

Around 1.7 million, or 40%, of BYD’s 2024 sales were battery electric vehicles. BYD’s U.S. rival Tesla, by comparison, delivered 1.29 million vehicles in the first three quart