BYD, China's leading electronic vehicle manufacturer, achieved over $107 billion in sales last year, surpassing Tesla's $97.7 billion. Delivering 4.27 million electric and hybrid vehicles compared to Tesla’s 1.79 million, BYD has firmly established itself as the largest EV player. This achievement comes as Tesla faces significant challenges like its first sales decline in over a decade, a 32% drop in stock prices, and numerous recalls. Amidst this backdrop, BYD has also unveiled a revolutionary ultrafast charging system that is set to enhance EV infrastructure in China, further strengthening its market position.
Tesla's brand is being increasingly battered due to a plummeting stock price in 2025, massive recalls, and protests against CEO Elon Musk's over-involvement in government.
BYD shipped 4.27 million hybrid and battery electric vehicles, while Tesla shipped 1.79 million EVs.
Last year marked Tesla's first sales decline in over a dozen years, as BYD notched $107 billion in sales, decisively above Tesla's $97.7 billion.
BYD has made headlines for designing a new ultrafast charging system, which could provide power for 400 kilometers in just five minutes.
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