Overview
- BYD reported 2.26 million battery-electric sales in 2025 and 4,602,436 total new‑energy vehicles, meeting its revised full‑year target.
- Annual growth slowed to 7.7%, with December deliveries down about 18.3% year over year, the fourth straight monthly decline.
- Overseas deliveries exceeded roughly 1.05 million for the year as BYD scaled exports and advanced new capacity in Hungary, Thailand and Brazil.
- Tesla indicated around 1.64 million 2025 deliveries, its second consecutive annual decline, and took the unusual step of releasing a company‑compiled analyst consensus ahead of Q4 figures.
- Analysts cite the end of the US $7,500 EV tax credit, production changeovers, rising Chinese competition and reputational headwinds as key drags on Tesla, while tariffs and price wars are reshaping automaker strategies into 2026.