US EditionChina's BYD posts weakest sales growth in five years on headwinds at home
BYD's 2025 EV sales reached a record 2.26 million vehicles globally, with overseas sales growing 150.7% despite a 7.73% slowdown in China, company data showed.
- On Thursday, Shenzhen-based BYD disclosed it sold electric vehicles last year, setting a new single-firm global annual sales record, according to a filing to the Hong Kong Stock Exchange.
- Founded in 1995, originally a battery manufacturer, BYD has come to dominate China's new-energy vehicle market, leveraging hybrid expertise amid weakening domestic consumption to expand overseas.
- Market data show Tesla's close edge in 2024 as Tesla narrowly outsold BYD with 1.79 million versus 1.76 million, reflecting rising competition from Chinese rivals.
- Hefty U.S. tariffs apply to BYD and its Chinese competitors, complicating trade as BYD's growth in Southeast Asia, the Middle East and Europe unsettles traditional European automakers.
- Amid CEO Elon Musk's political support, Tesla is expected to announce its total EV sales on Friday, as sales struggle this year, shaping near-term market dynamics.
34 Articles
34 Articles
China's BYD posts weakest sales growth in five years on headwinds at home
Sales growth at BYD slowed to 7.73% in 2025, its weakest pace in five years, as the Chinese electric vehicle maker grappled with growing local competition and a weakening of its technological lead.
The Chinese auto giant BYD sold 2.26 million electric vehicles in 2025, setting a new world record for this sector, according to a press release from the company published on Thursday on the Hong Kong Stock Exchange. This figure is expected to allow BYD to exceed for the first time the American Tesla over the year. The Texas company had reported having sold 1.22 million vehicles at the end of September, and is expected to announce on Friday its …
With 2.26 million electric vehicles in 2025, BYD is marking a historic record. Shenzhen's manufacturer is about to dethrone American Tesla for the first time in a full year, taking advantage of his international offensive and Elon Musk's political difficulties.
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