Chinese automaker BYD posted a 30.1% drop in sales for January, year-on-year, marking the fifth straight month of declining sales for the world’s largest electric vehicle (EV) manufacturer.
Electric vehicles outsold conventional gasoline-powered passenger cars in Europe for the first time in December, representing a significant transformation in the continent’s automotive market.
Chinese EV giant BYD has outpaced Tesla in vehicle registrations across Europe’s two largest markets for plug-in electric vehicles during the past year, marking a significant shift in the competitive landscape. The Chinese company is now selling more EVs in both the UK and Germany than Elon Musk’s Tesla.
Elon Musk’s Tesla EV deliveries fell 16 percent in the fourth quarter compared to the same period in 2024, as the electric vehicle giant grapples with increasing competition worldwide, especially in China.
China’s BYD reported a 28% increase in sales for 2025, good enough to surpass Elon Musk’s Tesla as the world’s top EV manufacturer.
China is flooding emerging and secondary markets with millions of gasoline cars left unsold at home where EVs are pushed instead, Reuters reported on Tuesday.
Elon Musk’s Tesla suffered a 9.4 percent year-on-year decline in German sales for September, even as the overall sales of EVs rose by 31.9 percent in the country, according to data from the German road traffic agency KBA.
Elon Musk’s Tesla has experienced a 40 percent plunge in sales throughout Europe, with the EV giant facing growing competition from Chinese EV company BYD.
Brazil’s socialist president, Luiz Inacio Lula da Silva, declared at the opening of a Chinese automobile plant that Brazil is “open for business.”
Tesla’s new car sales in Europe have declined for the fifth month in a row, as customers increasingly opt for more affordable Chinese electric vehicles, according to data from the European Automobile Manufacturers Association (ACEA). Elon Musk’s EV giant suffered a 27.9 percent drop in May on a year-over-year basis.
Brazil’s Public Prosecutor’s Office (MPT) filed a public civil lawsuit against Chinese electric carmaker BYD on allegations the company subjected 220 Chinese nationals to conditions analogous to slavery and international human trafficking at its unfinished plant in Brazil.
Vice President Kamala Harris is under fire for accepting campaign contributions from a Chinese auto executive with ties to the CCP.
