BYD Company Limited (BYDDF) sold the most all-electric vehicles in the world during a calendar year for the first time in the company’s history.
While Tesla (TSLA) saw sales slump in Europe and China in 2025, BYD Company (BYDDF) continues to gain traction and has now topped Tesla (TSLA) for five straight months for global deliveries,
BYD reported about 2.26 million fully electric vehicles sold in 2025, up roughly 28% year over year and almost equal to its plug-in hybrid volume. The company’s top-selling 2025 BEV nameplates globally were the Seagull, Dolphin (also called EA1), and the Yuan UP/Yuan Plus (Atto 3). Meanwhile, Tesla (TSLA) global deliveries fell by about 9% in 2025 to 1.64 million vehicles. The decline was partly due to the expiration of the electric vehicle tax credit that helped lower the cost of ownership for certain electric vehicles.
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Despite the stalling momentum with EV sales, Wedbush Securities thinks Tesla (TSLA) is set for a strong 2026. Analyst Dan Ibes highlighted that the company has started to test the Cybercab in Austin over the past few weeks, which is seen as an incremental step towards launching later in the year. The rollout of Cybercabs was called by Ives the golden goose in unlocking TSLA’s AI valuation. “We also expect an easing of the federal framework for autonomous vehicles in early 2026 with more power going to the federal regulators with states having less authority on the autonomous rules framework, likely under an Executive Order,” added Ives.
Shares of BYD Company (BYDDF) started off the new year with a 5.5% swing higher. Tesla (TSLA) was down 2.5% in Friday afternoon trading.