In 2025, BYD surpassed Tesla as the top electric car manufacturer, selling 2.26 million electric vehicles globally. BYD's success is attributed to its production of both fully electric vehicles and plug-in hybrids, allowing it to meet consumer and regulatory demands. With plans for new factories in Hungary and Turkey, BYD's export business is growing, and analysts predict total sales could reach 5.3 million units in the following year. BYD has unveiled a technology platform to boost competitiveness, focusing on electric buses and heavy-duty trucks, with sales doubling in 2025 to 57,000 units. Despite its lower stock valuation compared to Tesla, BYD's progress in the EV market could potentially change the dynamics of the industry.
https://cleantechnica.com/2026/01/02/byd-new-global-bev-sales-leader-displacing-tesla/