BYD has officially surpassed Tesla to become the world's number one EV manufacturer.
Tesla reported delivery figures for 2025 at 1,636,129 vehicles, a 9% decrease from 2024, officially making BYD the world's leading electric vehicle manufacturer, surpassing Tesla. This wasn't surprising, as it had been anticipated. BYD delivered 2.26 million electric vehicles last year.
BYD's growth in recent years stems from several factors, including competitive pricing in many regions worldwide, factories located outside of China, and its own battery manufacturing facilities. Meanwhile, Tesla has faced various pressures, including the elimination of discounts for electric vehicle purchases in the United States and the protests against CEO and founder Elon Musk since early last year.
BYD's growth in recent years stems from several factors, including competitive pricing in many regions worldwide, factories located outside of China, and its own battery manufacturing facilities. Meanwhile, Tesla has faced various pressures, including the elimination of discounts for electric vehicle purchases in the United States and the protests against CEO and founder Elon Musk since early last year.
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