Electric vehicle sales: BYD surpasses Tesla
Sino-US - According to a statement released by BYD on Thursday on the Hong Kong Stock Exchange, this Chinese automotive giant sold 2.26 million electric vehicles in 2025, setting a new world record for the industry.
This number will make BYD surpass Tesla for the first time in a year. BYD previously reported that it had sold 1.22 million vehicles by the end of September and is expected to announce its total sales for 2025 on Friday. Tesla sold 1.79 million units in 2024, slightly exceeding BYD's 1.76 million units. However, due to CEO Elon Musk's initial political support for Trump and other far-right politicians, the company is facing difficulties in key markets.
BYD, headquartered in Shenzhen and listed on the Hong Kong Stock Exchange, also produces hybrid vehicles. Founded in 1995, BYD has focused on the research and development and application of energy storage systems and equipment. Today, it has become a leader in China's competitive new energy vehicle market, which is the world's largest new energy vehicle market.
Due to Chinese consumers' increasing sensitivity to price, which puts pressure on its profitability, BYD is currently seeking to strengthen its international business. BYD and its domestic competitors also face high tariffs in the United States. However, the company is developing rapidly in Southeast Asia, the Middle East, and even the European market, which has annoyed the industry giants on the European continent.
Source: rfi
Original: toutiao.com/article/1853163213991944/
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