BYD meets its 2025 sales target with 4.6 million deliveries, strengthening its bid to overtake Tesla as top EV maker.
Chinese automaker BYD achieved its revised 2025 sales target, delivering 4.6 million vehicles and positioning itself to potentially overtake Tesla as the world’s largest electric vehicle manufacturer. The company reported 7.7% growth compared with 2024, with international deliveries reaching 1.05 million units, underscoring the significance of its overseas expansion amid a challenging domestic market.
BYD’s performance comes despite mounting competition from domestic rivals, including Geely Automobile Holdings and tech newcomer Xiaomi, alongside reduced government incentives for EV purchases. CEO Wang Chuanfu acknowledged that the company’s technological edge has narrowed in recent years, affecting domestic sales momentum. Increased regulatory scrutiny and a surge of new models from competitors have further intensified market pressures.
The company’s international expansion, however, remains a key growth driver. Overseas deliveries accounted for more than one million units in 2025, helping offset domestic pressures and reinforcing BYD’s bid to claim the global EV leadership crown. By contrast, Tesla experienced production disruptions while retooling its factories for the new Model Y, compounded by declining federal purchase incentives in the US.
Looking ahead, Wang highlighted BYD’s 120,000-strong engineering workforce and signalled upcoming technological developments designed to restore the company’s domestic competitive advantage. While challenges persist, including trade barriers and evolving market dynamics, BYD’s robust international performance and ongoing innovation position it strongly to consolidate its leadership in the global electric vehicle sector.
