South Korean media: BYD completely outpaces Tesla, with first-quarter sales surging by 58%!

On April 24th, South Korean media "The Herald Economy" published an article stating that China's electric vehicle manufacturer BYD continued its good performance in the first quarter of 2025.

According to Bloomberg reports, BYD's passenger vehicle sales in the first quarter reached 986,098 units, a year-on-year increase of 58%, of which pure electric vehicle sales were 416,388 units. Since 2022, BYD has completely stopped the production of internal combustion engine vehicles and only produces pure electric and hybrid vehicles.

On the other hand, Tesla's quarterly sales for the same period are expected to be only between 340,000 and 377,000 units, further widening the gap with BYD. Tesla only produces pure electric vehicles.

BYD's total revenue for 2024 increased by 29% year-over-year to 777.1 billion yuan, and its revenue exceeded $100 billion in dollar terms, surpassing Tesla's $97.7 billion, attracting market attention.

Tesla's electric vehicle sales have plummeted sharply in Europe and the United States. Although Tesla owns a large factory in Shanghai, it is also struggling in China, facing fierce competition from domestic companies like BYD.

In the past month, under the leadership of founder and chairman Wang Chuanfu, BYD has released a series of new products and technologies, drawing attention. Most models come standard with intelligent driving technology, and ultra-fast charging technology has been introduced, capable of adding 400 kilometers of range in just 5 minutes.

BYD's new Blade batteries support a 10C charging rate, providing up to 1000kW of charging power. This is twice that of Tesla's Supercharger (500kW) and significantly higher than commonly used fast chargers (350kW) on the market.

BYD has set a sales target of 5.5 million vehicles this year, with an estimated 800,000 vehicles for export. This indicates that despite tariffs from the EU and the US, BYD remains committed to expanding its global market.

Original source: https://www.toutiao.com/article/1830268646343692/

Disclaimer: The article represents the views of the author alone.