Chinese automaker BYD kicked off 2025 with a 58% surge in sales, delivering 986,098 vehicles in Q1, including 416,388 pure EVs. Meanwhile, Tesla’s Q1 sales are projected to be significantly lower, with estimates ranging from 340,000 to 377,000 units.
While BYD’s rapid expansion is fueled by cutting-edge tech like smart driving at no extra cost and ultra-fast charging, Tesla is struggling due to political controversies surrounding CEO Elon Musk and fierce competition in China. BYD’s stock is up 45% this year, while Tesla’s has dropped 36%, wiping billions from Musk’s fortune.
Despite US and EU tariffs, BYD remains ambitious, targeting 5.5 million sales in 2025, with 800,000 exports. The company also reported a record $100 billion in revenue, surpassing Tesla in this metric for the first time.
Read the full story here: TechCentral