Overview
- BYD reported selling 2.26 million battery-electric vehicles in 2025 and 4.6 million total including plug-in hybrids.
- Tesla delivered about 1.64 million vehicles in 2025, down roughly 8% year over year, marking a second straight annual decline.
- BYD said overseas sales reached roughly one million vehicles in 2025, supported by a fast-growing European presence and plans to build in Hungary.
- Tariffs in the U.S., Canada and the EU constrained Chinese EV imports, prompting Chinese brands to expand local manufacturing and emphasize plug-in hybrids to ease duties.
- In Italy, total registrations fell 2.1% to about 1.526 million while full-electrics rose to 94,230 (6.2% share) with a December surge, and BYD reported a 3.1% market share for the month.