China's BYD set to overtake Tesla as world's top EV seller
AI Summary
BYD is poised to surpass Tesla as the world's leading electric vehicle seller, marking the first time Tesla has been outpaced in annual sales. In 2025, BYD's battery-powered car sales rose nearly 28% to over 2.25 million, while analysts estimate Tesla's sales at around 1.65 million. Tesla faced challenges including mixed reception to new models, concerns over Elon Musk's political activities, and increased competition from Chinese EV makers. Despite BYD's growth slowing to a five-year low due to competition in China, its global expansion, particularly in Latin America, Southeast Asia, and parts of Europe, continues due to its competitive pricing. Musk has pledged to cut back his role in the US government to focus on Tesla.
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