South Korean media: One out of every five electric vehicles delivered globally in the first quarter was made by BYD! On May 28, South Korean media The Herald Economy published an article stating that during this year's first quarter, BYD delivered one-fifth of all electric vehicles globally, solidifying its dominant position. Meanwhile, competition among global automakers such as Tesla, Geely, Hyundai, and Kia is intensifying. Industry insiders said that with changes in policies worldwide and the strengthening of protectionism, it is expected that the competition for market dominance in the global electric vehicle sales market will become even more intense this year. In the first quarter of 2025, the global electric vehicle market continued to grow rapidly, with China’s BYD accounting for one-fifth of global electric vehicle deliveries. In the first quarter of this year, the total number of global electric vehicle registrations was approximately 4.214 million, an increase of 34.6% year-on-year. Among them, BYD's sales reached about 875,000 units, ranking first globally with a share of 20.8%. An automotive industry expert said, "China's strong supportive policies for electric vehicles are driving BYD's growth." China is continuously expanding subsidies for battery swap services and tax incentives, and it is predicted that the electric vehicle sales volume will reach 12.9 million this year. This will further consolidate BYD's position in its largest market, China. On the other hand, American-based Tesla's sales in the first quarter of 2025 were between 340,000 and 370,000 units, showing a year-on-year decline, widening the gap with BYD. According to data from market research company SNE Research, Tesla's market share will drop to 10.2% in 2024. It has been evaluated that BYD lags behind in price competition, technological innovation, and localization strategies. Market research companies predict that global electric vehicle sales will exceed 20 million this year. Compared to last year's 17 million, this represents over 18% growth. The proportion of electric vehicles in the overall automobile market is also expected to rise from 13.2% in 2024 to 16.7% in 2025. South Korean automakers are also launching counterattacks globally through new model releases and technological innovations. Hyundai Motor Company announced the release of its flagship electric SUV, Ioniq 9, while Kia Motors is enhancing its competitiveness by producing EV5 models domestically. Both companies aim to expand their shares of the electric vehicle market in Europe and North America. Experts predict that the momentum of growth in the global electric vehicle market will continue for some time, but price competitiveness, the expansion of charging infrastructure, and the stability of supply chains remain key tasks for the widespread adoption of electric vehicles. A South Korean automotive industry expert said, "Due to the increasing protectionism and policy changes worldwide, the global electric vehicle market is also facing growing uncertainty. America's tariff policies, the EU's emission regulations, and China's subsidy policies are directly influencing the strategies of manufacturers in various countries." Original article: https://www.toutiao.com/article/1833366129982464/ Disclaimer: This article solely represents the views of the author.