Etiqueta: Ford

After a slow start to 2025, Tesla's sales are rocketing ahead, potentially putting it on course to overtake BYD later in the year. By Will Girling

BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said.

The company last week reported its first quarterly profit drop in over three years, while rivals like Geely are gaining ground and even raising their own sales targets.

The target remains subject to change depending on market conditions, the people added. The latest target, which has not been previously reported, is below several recently lowered forecasts from analysts. The new target represents a 7% increase from last year and would be the slowest annual growth since 2020, when sales fell by 7%.

Four Chinese brands have made it to the top 10 of all sales in Australia for the first time.

CATL leads global EV battery market with 37.5% share, followed by BYD at 17.8%. South Korean companies LG and SK also see growth.

BMW iX3, electric Porsche Cayenne, Mercedes GLC, the small cars from the Volkswagen Group: here are the new releases from the IAA 2025

Tesla is no longer the world’s top EV seller. A Chinese rival has surged ahead with futuristic cars, eye-watering sales, and global ambitions backed by billions in state support. Yet beneath the glossy image lie hidden debts, recalls, and growing international scrutiny.

This incredible growth stock isn't on enough investors' radars.

Key PointsBYD isn’t a household name within the United States largely because it doesn’t do business here.Nevertheless, this EV powerhouse does do business where electric vehicles