According to a report released by BYD, the company sold a total of 4.6 million units of electric vehicles in 2025. This number is 7.7 percent more than in 2024.
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Chinese company BYD has overtaken American company Tesla as the world's largest seller of electric vehicles. BYD has surpassed Elon Musk's Tesla in annual sales for the first time, BBC news reported.
According to a report released by BYD, the company sold a total of 4.6 million electric vehicles in 2025. This number is 7.7 percent more than in 2024. This includes all types of vehicles, including new energy vehicles, passenger vehicles, plug-in hybrid electric vehicles and battery-powered electric vehicles.
BYD seems to have sold 2.2 million and a half units of battery-powered cars this year. This is 27.86 percent more than the previous year. Tesla is releasing its annual report on Friday. However, last week's analysis stated that Tesla sold 1.65 million battery-powered vehicles this year.
‘This year has been challenging for the American company, with mixed consumer reactions to Tesla’s new offerings, concerns about Musk’s political activism and competition from China,’ writes BBC business reporter Osmond Xia. ‘In October, Tesla launched cheaper versions of two of its most popular models in a bid to boost sales. The company has been criticised for being too slow to come up with new and more affordable options to remain competitive in the market.’
In order to boost Tesla’s market share, shareholders in November decided to give Musk, its co-founder and CEO, a $1 trillion pay package to keep him at the company. To do so, he must raise Tesla’s market value to $2 trillion and Tesla sales to $20 million. In addition, he must sell millions of humanoid robots over the next decade. Tesla is investing heavily in a robot called 'Optimus' and 'robotaxis', the BBC reported.
