BYD Overtakes Tesla: Chinese Giant Set to Dominate Global EV Market

• BYD delivered 4.6 million vehicles in 2025, meeting its full-year target with a 7.7% increase.
• Tesla's sales are declining, with an estimated 1.6 million vehicles sold in 2025, falling behind BYD.
• Despite domestic challenges in China, BYD saw strong overseas growth, delivering 1.05 million vehicles internationally.
• BYD aims for 1.5-1.6 million overseas sales and 5.3 million total sales in 2026, leveraging new models and technology.
• Tesla faces hurdles including factory retooling, subsidy cuts, and controversies surrounding CEO Elon Musk.

Why It Matters: BYD is poised to become the world's largest EV maker, surpassing Tesla amidst global expansion.