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BYD Overtakes Tesla as World's Top EV Seller in 2025
BYD sold about 2.2 million battery-electric vehicles in 2025, surpassing Tesla's 1.64 million amid Tesla's sales decline after the U.S. EV tax credit expired.
- According to its Hong Kong Stock Exchange filing, Shenzhen-based BYD overtook Tesla Inc. as the world's top EV seller in 2025 sales.
- Competitive pricing and low-cost ADAS features helped BYD surge overseas with models from US$9,555, while Tesla deliveries slowed after the US$7,500 EV tax credit expired amid Elon Musk, Tesla CEO backlash.
- Company filings show BYD sold 2.26 million EVs in 2025, while Tesla is expected to deliver about 1.64 million, with 1.05 million deliveries outside China.
- Following the announcement, BYD shares rose 3.6% in Hong Kong trading after the sales disclosure, reflecting investor reaction, while the Hungary Szeged factory is set to start EV production in 2026.
- Looking to 2026, China's incentive policy cuts and US tariffs on Chinese EVs challenge BYD's overseas growth as it aims for 1.6 million sales while analysts forecast Tesla at 1.8 million.
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Chinese Company Dominates EV Industry
Chinese automaker BYD overtook Tesla in 2025, dominating the electric vehicle industry. BYD shared that it sold 2,256,714 battery-electric vehicles, while Tesla made 1,636,129 deliveries. A report from Inside EVs says BYD manufactures plug-in hybrids, whereas Tesla does not, and therefore appeals to a wider consumer base. “In the fourth quarter, we produced over 434,000 vehicles, delivered over 418,000 vehicles and deployed 14.2 GWh of energy st…
Tesla confirmed its decline this Friday by reporting that last year it delivered 1,636,129 vehicles, 8.5% less than the previous year.
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Total News Sources310
Leaning Left44Leaning Right40Center60Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 30%
C 42%
R 28%
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