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BYD Becomes the World's Largest Electric Car Manufacturer

Author
dpa
1 min reading time

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BYD overtakes Tesla as the most popular electric car manufacturer: The number of electric cars sold by the Chinese company rose sharply.

BYD continues to grow globally, here is the ceremony for the 15 millionth New Energy Vehicle (NEV).


BYD

Chinese carmaker BYD has overtaken industry pioneer Tesla as the world's largest electric car manufacturer. Last year, around 4.6 million cars were delivered, including just under 2.3 million purely electric cars, as the Chinese company announced.

The total delivery figure represents an increase of 7.7 % over the previous year and the annual target set by the company in September. The number of electric cars sold rose by 28 % last year. In December, 420,398 vehicles were sold, a decline of around 18 % compared to the same period last year. For pure electric cars, the decline in December was around 8 % to just over 190,000 units.

BYD is Still Under Pressure

Tesla delivered 418,227 vehicles in the fourth quarter, a decline of 15.6 % compared to the previous year. This marks Tesla's second consecutive decline in deliveries for the full year 2025. Deliveries fell by 8.5 % to just over 1.636 million vehicles. Even at Tesla, electric cars are not selling as well without subsidies, which were abolished in the US at the end of September.

BYD and its competitors are under increasing pressure in the new year as Beijing scales back some incentives for purchasing electric vehicles. In addition, a flood of new models is intensifying competition in the domestic market, while trade barriers are hampering expansion efforts abroad.

This is a partly automated translation of this German article by dpa.

Background information for this content

Electromobility: The Spreading of Electric Cars Versus Internal Combustion Engine Vehicles

In terms of road transportation, the ratio of newly purchased electric passenger cars is increasing to the detriment of internal combustion engine vehicles. According to current assumptions, this process will continue, but the speed and extent of …

BYD, A Disrupter of the Emerging Market

BYD Co. Ltd., founded by Chuanfu Wang in February 1995, is a publicly listed Chinese conglomerate manufacturing company headquartered in Shenzhen, China, with two major subsidiaries, BYD Auto and BYD Electronic. BYD is the world’s largest electric vehicle manufacturer and a major producer of automobiles including battery electric and hybrid cars, buses, and trucks, battery-powered bicycles, forklifts, solar panels, and rechargeable batteries including mobile phone batteries, electric vehicle batteries, and buck storage.

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