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05 January 2026

Daily Newsletter

05 January 2026

BYD overtakes Tesla as world’s largest BEV producer

Chinese automaker sold 4.6 million NEVs in 2025, including 2.26 million light BEVs.

David Leggett January 05 2026

Chinese automaker BYD Auto reported a 25% rise in global production of light battery electric vehicles (BEVs) to 2,221,913 units in 2025, with the company overtaking US automaker Tesla as the world’s largest BEV producer.

Shenzhen-based BYD announced it sold a total of 4,602,536 vehicles globally last year, up by 7.7% on the previous year’s 4,272,145 units, including a 28% rise in light BEVs sales to 2,256,714 units, while sales of light plug-in hybrid vehicles (PHEVs) fell by 7.9% to 2,288,709 units. Commercial vehicle sales, comprising both BEVs and PHEVs, surged by 162% to 57,013 units.

The privately-owned automaker has ramped up production in recent years with the launch of numerous new models, which also helped it overtake state-owned SAIC Motor as China’s largest vehicle producer. The company’s best-selling models include the Song and Qin PHEVs and the Atto 3 and Seagull BEVs.

By contrast, Tesla produced a total of 1,636,129 BEVs last year, down by almost 9% on the previous year, while output fell by almost 7% to 1,654,667 units. Around 97% of the automaker’s production last year was concentrated in two main models, the Model 3 and Model Y. The company last year faced increased resistance in some key overseas markets, particularly in Europe, due to CEO Elon Musk’s strong support for US President Trump’s far-right politics, as well as growing competition from Chinese automakers.

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