Overview
- BYD sold 2.26 million battery‑electric vehicles in 2025 versus Tesla’s 1.64 million, marking the first time BYD led on annual pure‑EV units.
- BYD’s electric sales rose about 28% year over year, while Tesla’s fell roughly 8% as U.S. demand cooled following the end of federal purchase incentives.
- Including plug‑in hybrids, BYD delivered about 4.6 million vehicles in 2025, highlighting the company’s reliance on both battery‑electric and PHEV models.
- The United States and Canada imposed duties exceeding 100% on Chinese‑made EVs and the European Union applied tariffs up to 45.3%, pushing manufacturers to adjust market strategies.
- Chinese automakers are adding capacity outside China—BYD’s Hungary plant is nearing start, Chery has sites in Spain, and Turkey is a production option—while Tesla increases spending on autonomy and AI.