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BYD finally beats Tesla in EV race
The Philippine Star
|January 07, 2026
BYD finally beats Tesla in the EV race after narrowly beating them in 2024.
Last year, Tesla only had around a 20,000-unit advantage over BYD but now, BYD beat them by a huge 620,000 margin. BYD moved 2.26 million EVs in 2025 while Tesla came up short with only 1.64 million, even less than their figures for 2024.
BYD's overall sales rose by 28% despite a weaker Q4, especially in its home market in China. They recorded 4.55 million car sales in 2025 despite plugin hybrids falling by 8%. They're now planning to start a new production plant in Hungary to get away from the aggressive price competition in China.
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