BYD overtakes Tesla: A new king of electric cars in sight!
BYD overtakes Tesla: A new king of electric cars in sight!
In the first quarter of 2025, Tesla, once a leader in the electric market market, recorded considerable declines in production and delivery. According to Oekonews were only made 362,615 vehicles and 336.681 vehicles were delivered. In comparison, around 500,000 vehicles were sold in the fourth quarter of 2024. These figures show a worrying trend because the sales figures have decreased in both Europe and China. Another problem for Tesla is the lack of new products; The announced facelift of Model Y has not yet been launched.The Chinese automobile manufacturer BYD has overtaken Tesla in the same period with 416,388 pure electric cars sold. This marks a significant success for BYD, which extends not only to the sales figures, but also to sales. In 2024, BYD delivered a total of 1,764,992 pure electric cars, which further heated up the competition between the two manufacturers.
BYD exceeds Tesla in sales and growth
The sales figures of BYD are not only remarkable, but also continuously growing. According to The press the company's turnover increased by 29 percent to 777 billion yuan (approx. 99 billion euros). In addition, the profit of around 40.3 billion Yuan (5.1 billion euros) is one third higher than in the previous year. The sales figures of 4.25 million cars, of which 1.76 million pure electric cars, have exceeded the expectations of the analysts. For the current year, BYD is aiming to sell between 5 and 6 million cars and is planning to open up new markets, especially in Europe and Southeast Asia.
In addition, BYD is expanding with new production facilities in Europe. The electric market in China is growing rapidly, and BYD has taken over the market leadership of Volkswagen here. Tesla, on the other hand, has to struggle with sales problems. Despite a slight advantage of Tesla in the global annual deliveries in 2024 - 1.79 million vehicles compared to 1.76 million by BYD - the Chinese manufacturer has overtaken the American competitor in terms of sales.
technological innovations and market challenges
BYD has developed a new type of battery technology that enables it to reach a loading time for 400 kilometers of range within just five minutes. This technical advances and the introduction of advanced driver assistance systems in cheaper models contribute to increased demand for BYD vehicles. At the same time, Tesla has a decline in sales in Europe by around 40 % and only has a market share of 4 % in China, while BYD holds a total of 27 % there.
The challenges for Tesla are increasing. In the USA there were protests and vandalism against Tesla locations, which also puts Elon Musk and his company under pressure. The position of Tesla on the global market could still deteriorate, especially since BYD, despite the high import duties on Chinese electric cars in the USA, pursues a long-term vision of a world market leadership in electromobility by demanding innovative products and expansion. In the coming years, the dynamics in the electrical market could change significantly, especially if you look at the aggressive BYD growth plans that strive for an almost 30 percent increase in global deliveries in 2025.
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