Particle.news
Download on the App Store
8 ARTICLES
·
4w ago

BYD Extends Lead Over Tesla in Global EV Market

The Chinese automaker's rapid innovation and global expansion highlight Tesla's struggles with declining sales, brand issues, and stagnant product offerings.

Image
A BYD Qin is on display at the auto show in China, Beijing, April 25, 2025.
Image
Image

Overview

  • BYD's 2024 revenue of $107 billion exceeded Tesla's $97.7 billion, driven by 4.27 million vehicle deliveries compared to Tesla's 1.79 million.
  • The company unveiled a groundbreaking battery capable of adding 250 miles of range in five minutes, surpassing Tesla's charging technology.
  • Tesla faces significant market share declines in China and Europe, attributed to competition, Elon Musk's controversial actions, and a lack of new models.
  • BYD plans to double its overseas sales in 2025, aiming for over 800,000 vehicles, while Tesla's Cybertruck has faced disappointing sales and recalls.
  • BYD's vertical integration and cost efficiency have enabled competitive pricing and accelerated innovation, solidifying its position as the global EV leader.