Overview
- BYD reported 2,256,714 electric vehicles sold in 2025, a 28% year-on-year increase.
- Tesla disclosed 1,636,129 global sales for 2025, down 9% from the prior year and its second consecutive annual decline.
- BYD’s total vehicle sales reached 4,602,436 in 2025, up 7.7% from 2024.
- Media reports attribute BYD’s surge to China’s replacement subsidies, domestic price cuts, and expanded exports.
- BYD had nearly matched Tesla in 2024, and the 2025 results confirm a shift in EV industry leadership.