U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.

China's BYD, however, looks set to close the gap after reporting 1.76 million EV sales in 2024. The Shenzhen-based firm's total vehicle sales jumped more than 41% in 2024, year-on-year, to more than 4.2 million. The surge was powered mainly by sales of its hybrid cars.

Tesla achieved record EV sales in China, with December marking an 83,000-unit milestone, up 12.8% from November. For 2024, Tesla sold 657,000 vehicles in China, an 8.8% increase year-on-year.

Just a day after Elon Musk-owned electric vehicle maker Tesla reported its first-ever decline in annual vehicle sales in 2024, two other U.S. automobile powerhouses released data reflecting their biggest sales volumes in five years,

Tesla reported record-breaking sales in China for 2024, marking an 8.8% increase to over 657,000 vehicles sold in its second-largest market. This performance stands in contrast to the company’s first-ever global delivery decline,

Tesla has posted its first annual sales drop in more than a dozen years, sending its stock tumbling, as CEO Elon Musk has kept busy in the last half-year inserting himself into Donald Trump's campaign

Tesla reporting its first ever annual sales drop as a public company in 2024, slowing EV adoption, increased competition, and low gas prices.

Tesla’s total sales for 2024 dropped 1.1% to 1,789,226 vehicles. The market considered this bad news, but Tesla’s