Introduction: BYD achieved a total annual sales of 4.602 million units in 2025, entering the top five global automotive groups for the first time, surpassing companies such as General Motors, Ford, Honda, and Nissan.
(Text / Observer.com, Zhou Shengming; Editor / Gao Xin)
Bloomberg reported on February 11 that BYD surpassed Ford for the first time in global sales.
According to official data from BYD, its total annual sales of 4.602 million units in 2025 marked its first entry into the top five global automotive groups, making it the first Chinese automotive group to enter the top five, achieving a historic breakthrough by surpassing companies such as General Motors, Ford, Honda, and Nissan.
Top 5 Global Automotive Groups in 2025 BYD
Data shows that Ford's wholesale sales dropped nearly 2% last year, falling slightly below 4.4 million units. It is reported that although Ford's sales in the U.S. market increased last year, its market share in Europe, especially in China, declined significantly.
It is reported that Ford announced in December last year that it would abandon full electrification, and therefore recorded an asset impairment of $19.5 billion (approximately RMB 140.4 billion). It also canceled several electric vehicle models.
Ford dealership in London, Ontario, Canada with unsold vehicles Bloomberg
As a result, Ford's financial report showed that it suffered a net loss of $8.2 billion (approximately RMB 59.04 billion) in 2025.
In addition, Ford's Chief Financial Officer Sherry House said on Tuesday that Ford faced an unexpected $900 million (approximately RMB 6.48 billion) tariff cost.
Ford explained that the additional tariff costs were due to the Trump administration informing Ford in December last year that the tariff reduction plan for imported auto parts would only be retroactive to November, not May as Ford had previously assumed.
This made the total tariff-related costs for Ford reach $2 billion (approximately RMB 14.4 billion) for the year, and it is expected that similar tariff costs will continue in 2026.
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Original: toutiao.com/article/7605517581709001259/
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