BYD on course to overtake Tesla as top global seller of electric vehicles

The Chinese carmaker is facing into tough year ahead as domestic EV competition grows

BYD booth at an auto show in Nanjing, east China. Photo: Getty

Linda Lew, Danny Lee and Bei Hu

Bloomberg

Chinese car maker BYD met its full-year sales target and likely surpassed Tesla to become the world’s largest electric vehicle maker in 2025 – a milestone that is overshadowed by a challenging outlook for the Chinese auto market in the year ahead.

According to a statement, the Chinese electric vehicle maker delivered 4.6 million units last year – up 7.7pc from 2024 – meeting its full-year goal, although that achievement lost some of its shine as it was a downgraded target.

source

Leave a Reply

Your email address will not be published. Required fields are marked *