BYD Set to Overtake Tesla as World's Top EV Seller
China's BYD is poised to surpass Elon Musk's Tesla as the world's leading seller of electric vehicles (EVs), marking the first time the Chinese company has outpaced its American competitor in annual sales, according to reports from the BBC.
On Thursday, BYD announced that its sales of battery-powered cars surged by almost 28% last year, exceeding 2.25 million vehicles. Tesla, which is expected to release its total sales figures for 2025 later on Friday, had analysts' estimates published last week indicating sales of approximately 1.65 million vehicles for the year.
Tesla has reportedly faced a challenging year, marked by a mixed reception to its new product offerings, concerns surrounding Musk's political involvements, and heightened competition from Chinese manufacturers.
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