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BYD Overtakes Tesla as World's Top EV Seller in 2025

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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