Overview
- BYD disclosed the 2025 electric-vehicle total in a filing to the Hong Kong Stock Exchange and described it as a single-firm global record.
- Tesla had reported 1.22 million EVs through September 2025, with its full-year figure due Friday to determine whether BYD finished first.
- The company also sold 4.60 million new energy vehicles including plug-in hybrids in 2025 after trimming its annual target to that level.
- BYD is pushing deeper into Southeast Asia, the Middle East, and Europe as steep U.S. tariffs limit access to that market.
- Price-sensitive demand in China is pressuring profitability, reinforcing BYD’s drive to grow sales outside its home market.