China’s BYD overtakes Tesla as world’s top EV seller for first time

BYD, a company Elon Musk once dismissed by laughing at their products during a 2011 Bloomberg interview, has overtaken Tesla to be the world’s top EV seller. BYD said on Thursday that sales of its battery-powered cars rose nearly 28% to 2.26 million units in 2025. Vehicle deliveries at Tesla dropped 8% year on year to 1.64 million vehicles delivered in 2025.