"Elon Musk once laughed at the prospect of Chinese EV maker BYD becoming a serious rival to Tesla. He's not laughing anymore. The Shenzhen-based automaker has surpassed Tesla to become the world's largest seller of battery electric vehicles, capping a meteoric rise that has left Musk's company fighting to preserve its EV dominance. BYD reported on Thursday that it sold 2.25 million battery-powered EVs in 2025, a nearly 28% rise from the year before."
"It's not the first time BYD has outdone Tesla. When including plug-in hybrid vehicles alongside solely battery-powered EVs, BYD surpassed Tesla's sales for 2024. In total, BYD shipped 4.6 million vehicles last year. Tesla does not sell hybrids. BYD's latest victory is a major blow for Tesla, which has held the title of the world's largest seller of battery EVs since 2018."
BYD surpassed Tesla to become the world's largest seller of battery electric vehicles after selling 2.25 million battery EVs in 2025, a nearly 28% increase year-over-year, while Tesla's annual sales fell to 1.64 million, down 8.5%. Including plug-in hybrids, BYD already outsold Tesla in 2024 and shipped 4.6 million vehicles that year. Tesla has held the BEV sales title since 2018 but faced Q4 declines near 16% after the US $7,500 tax credit removal and weakening demand in Europe and China. BYD's wide product range and competitive pricing underpin its rapid rise in the global EV market.
Read at Business Insider
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