China's Byd Gains Ground On Tesla With Massive Sales Increase

Chinese electric vehicle champion BYD has reported a substantial 60 increase in car sales for the first quarter of 2025, marking a significant contrast to the performance of its main competitor, Tesla.

The Shenzhen-based EV manufacturer sold just over one million new-energy vehicles in the first three months of the year, encompassing battery-powered cars, hybrid vehicles, and commercial vehicles. Within this total, sales of purely electric vehicles jumped by an impressive 39, reaching over 416,000 units.

This robust growth follows BYDs recent announcement of record annual revenue of 107 billion for the previous year.

In comparison, Teslas 2024 revenue was 97.7 billion, and its annual vehicle deliveries experienced a slight downturn of 1.1 for the first time.

While the vast majority 90 of BYDs shipments in the past year were within the domestic Chinese market, the company is actively pursuing expansion into overseas markets, including Europe, Southeast Asia, and South America. This international drive is fuelling optimism among investors and analysts regarding BYDs potential for continued growth.