BYD set to overshadow Tesla, Chinese EV maker sells 4.6 million vehicles in 2025

In 2025, BYD Co. achieved its full-year sales goal and probably overtook Tesla Inc. to become the world’s largest manufacturer of electric vehicles. However, this achievement was overshadowed by a difficult forecast for the Chinese auto market in the coming year.According to a statement, the automaker shipped 4.6 million cars last year, an increase of 7.7% from 2024. That is consistent with the September reduction in the company’s full-year target.
In the upcoming year, BYD and its competitors will be under increasing pressure as China reduces some of the incentives that encourage EV purchasing. Trade hurdles present obstacles to BYD’s aspirations to grow internationally, while an infusion of new models is making domestic rivalry even more intense.
Geely Automobile Holdings Ltd. and Xiaomi Corp., whose new models and quick developments are winning over customers, have posed a greater threat to China’s best-selling automaker in the last year.
Read Also: MCX shares to trade adjusted for stock split today — What 2.4 lakh retail shareholders should knowAt an investor meeting in early December, Wang Chuanfu, the CEO of BYD, stated that the company’s technological advantage over the previous several years had deteriorated and had an impact on domestic sales.

According to Chinese media, he alluded to upcoming technological advancements and expressed confidence in the company’s capacity to reclaim advantages thanks to its 120,000-person technical team.

Increasing sales abroad has been BYD’s bright point. In 2025, 1.05 million deliveries were made outside of China.

Early in 2025, Tesla, BYD’s main competitor, witnessed a sharp decline in sales as it retooled production lines at all of its assembly facilities for the new Model Y.

Some customers were also turned off by Elon Musk’s divisive involvement in the Trump administration, and the US’s decision to stop providing federal purchase incentives for EVs is anticipated to slow future demand.