Etiqueta: US

Full-year electric vehicle sales figures have dropped for 2025, revealing China's BYD is now officially global top dog.

The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition.

In 2011, Tesla CEO Elon Musk dismissed Chinese electric vehicle maker BYD as a competitor. But some 14 years later, BYD beat the American EV pioneer at its own game.

Elon Musk’s carmaker delivered fewer fully electric models than its rival in 2025

Tesla Inc. vehicle sales fell 8.6% last year, dropping the Elon Musk-led company well behind China’s BYD Co. in the global ranks of electric-car makers.

Tesla’s early dominance of the electric car market is being challenged as China’s BYD posts record sales and wins over European consumers with lower prices.

Although BYD faced challenges in recent months, the Chinese manufacturer became the world's largest electric vehicle producer in 2025. While Tesla's sales

Chinese auto giant BYD sold 2.26 million electric vehicles last year, a company statement showed Thursday, setting a new record for any firm globally.Tesla has also faced rising EV competition from BYD and other Chinese companies, as well as from European giants. pfc/ami

BYD is gaining EV leadership. The company sold 2.07 million EVs through November, while Tesla is expected to sell 1.65 million in 2025.

According to data compiled by the Gasgoo Automotive Research Institute data, in October 2025, BYD, Geely Holding, and Chery Holding demonstrated a clear export trend of stable core markets alongside expansion into emerging regions.