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.

Tesla rivals BYD, Nio Li Auto, XPeng and Zeekr all reported record December China EV sales as the price war intensified.

Chinese car maker BYD saw sales jump at the end of last year, leaving it closer to claiming the title of the world's best-selling electric vehicle (EV) maker of 2024. The company says it sold 207,734 EVs in December, taking its annual total to 1.76 million, as subsidies and discounts helped attract customers.