Summary
- BYD had a record month with 483,000 registrations, doubling Tesla’s result
- Wuling and Li Auto also had record months with high registration numbers
- BMW had a successful month with models like iX1, i4, and X5 PHEV
- Leap Motor and Deepal also posted record numbers in December
- Xiaomi and Luxeed are emerging brands with impressive sales, while Ford delivered its best result in two years
Article
In December 2024, BYD achieved a record month with 483,000 registrations, surpassing Tesla’s 201,000 deliveries. Wuling and Li Auto also had record months, with Wuling ranking 3rd and Li Auto ranking 5th. BMW experienced its best month of the year in December, with models like the iX1, i4, and X5 PHEV contributing to its success. Chinese brands like Wuling, Li Auto, Leap Motor, and Dongfeng showed impressive results, with many achieving record sales figures.
Looking at the ranking compared to 2023, BYD maintained its lead over Tesla by over two million units. BYD’s growth may slow in 2025, prompting the company to focus on expanding overseas markets for continued growth. On the other hand, Tesla’s market share has been decreasing, and diversification of its lineup with rumored compact vehicles in 2025 may be necessary for regaining lost ground. Geely, AITO, and Leap Motor saw significant jumps in the ranking from 2023 to 2024, showcasing their growth and success in the market.
Legacy brands like Volvo, Kia, and Toyota also saw positive movements in the ranking. Volvo rose to 11th place, Kia to 13th, and Toyota to 14th with a 69% year-over-year growth in EV sales. Toyota attributed its success to growing sales across its top models. While Ford also had impressive results, it fell just outside the top 20. The increase in Chinese brands on the table, with 11 out of 20 spots, illustrates their growing presence and competitiveness in the market.
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In conclusion, the electric vehicle market in December 2024 showcased the dominance of brands like BYD and Tesla, as well as the rising success of Chinese manufacturers and legacy brands. As the industry continues to evolve, diversification and expansion into new markets will be key for brands to maintain growth and competitiveness. With a focus on innovation, sustainability, and market trends, CleanTechnica’s coverage provides valuable insights and updates for readers interested in the cleantech sector. By staying informed and supporting independent journalism, individuals can contribute to the growth and success of the cleantech revolution.
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