Overview
- BYD reported 2,256,714 new electric vehicles sold in 2025, a year-on-year increase of 28 percent.
- Analyst forecasts published on Tesla’s website project Tesla’s 2025 global deliveries at about 1.64 million, roughly 8 percent below 2024.
- BYD’s growth was propelled by Chinese vehicle replacement subsidies, sustained price reductions in its home market, and expanded exports.
- In 2024 the rivals were nearly even in EV sales, with BYD at about 1.76 million and Tesla at around 1.79 million.
- BYD also announced total global vehicle sales of 4,602,436 in 2025, up 7.7 percent, with EVs driving the increase.