BYD Surpasses Tesla as World's Leading EV Seller
China's BYD has overtaken Tesla to become the world's top seller of electric vehicles (EVs), marking the first time the company has surpassed its American competitor in annual sales. The shift in leadership comes after Tesla's car sales dropped by nearly 9% in 2025 to 1.64 million vehicles sold worldwide, according to figures released Friday.
BYD reported a nearly 28% increase in sales of its battery-powered cars last year, exceeding 2.25 million vehicles, the company said Thursday. This milestone signifies a major shift in the global EV market, with the Chinese automaker emerging as a dominant force.
Tesla faced a challenging year, marked by a mixed reception to its new vehicle offerings, growing unease surrounding Elon Musk's political activities, and increasing competition within the EV sector. The company's declining sales figures reflect these challenges.
The rise of BYD underscores the growing strength of the Chinese EV industry and its increasing influence on the global automotive market. The company's success is attributed to its focus on battery technology and its ability to offer competitive EV models at various price points.
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