Summary
China's car company BYD is expected to become the largest seller of electric vehicles (EVs) in the world, surpassing Tesla. BYD sold over 2.25 million electric cars last year, while Tesla's sales for the same period are estimated to be around 1.65 million.
Key Facts
- BYD, a Chinese company, is set to overtake Tesla in global electric vehicle sales.
- BYD's EV sales increased by nearly 28% last year, reaching over 2.25 million vehicles.
- Tesla, expected to reveal its total 2025 sales soon, reportedly sold about 1.65 million vehicles.
- Tesla faced challenges in 2025, including mixed reactions to new products and growing competition from Chinese automakers.
- To boost sales, Tesla introduced cheaper versions of its popular models in the US.
- Elon Musk, Tesla's CEO, is working on several projects and aims to increase Tesla's sales and stock value significantly.
- BYD has expanded quickly in areas like Latin America, Southeast Asia, and Europe, despite high tariffs on Chinese EVs in many countries.
- The UK became BYD's biggest market outside of China, with sales jumping by 880% within a year.
