In 2025, BYD sold 2.26 million electric vehicles, which was almost 28% more than in 2024. This made BYD the world’s top seller. Tesla said it delivered about 1.64 million EVs, which is an 8.6% drop for the second year in a row due to lower demand and changes to tax credits. This is the first time that BYD has sold more electric vehicles (EVs) in a year than Tesla.
BYD has been successful because it has a wide range of models, competitive prices, and has quickly expanded around the world, with new factories in Hungary, Thailand, Indonesia, and Brazil. The company has a strong position in China’s huge EV market and benefits from vertical integration in batteries. New technologies, such as ultra-fast charging systems, give it an even bigger edge over its competitors.
Tesla is facing more competition, especially in China, and sales will drop 16% in the fourth quarter of 2025 because tax breaks will no longer be available. CEO Elon Musk is changing the company’s future by focusing on AI, self-driving cars, robot taxis, and humanoid robots like Optimus instead of just selling cars. Even though sales have dropped, Tesla still has a high-end brand and a high market value.
