NEW YORK—According to Statistica Inc., BYD Auto Co. has surpassed Tesla Inc. to become the world’s largest manufacturer of electric vehicles. In 2024, Tesla made 1,774,442 EVs vs. BYD’s 1,777,965. The top three EV automakers in the United States are Tesla, General Motors and Hyundai.
During the fourth quarter of 2024, China’s No. 1 car brand out-produced Tesla by almost 150,000 vehicles. The automaker is a division of BYD Group, a Shenzhen-based conglomerate that also dabbles in electronics, rail transit and renewable energy.