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BYD Overtakes Tesla as 2025 EV Sales Leader With Record 2.26 Million

Tesla signals a weaker finish to 2025 with a second consecutive annual sales decline.

Overview

  • BYD reported 2.26 million battery‑electric deliveries for 2025, the highest annual EV total by any automaker.
  • Total BYD sales reached 4.6 million vehicles, meeting its reduced target as full‑year growth slowed to 7.7% and December fell 18.3% year on year.
  • BYD’s overseas deliveries climbed to about 1.05 million, helping offset a tougher market in China.
  • Tesla took the unusual step of publishing its own Q4 delivery consensus at roughly 423,000 vehicles, indicating a double‑digit drop from a year earlier.
  • Tesla’s preliminary 2025 tally of about 1.64 million vehicles points to a second straight annual decline, reflecting weaker U.S. demand after tax‑credit expiry, production retooling and intensifying competition.