BYD lists strong growth of car sales against Tesla
BYD lists strong growth of car sales against Tesla
The Chinese electric vehicle manufacturer Byd listed in the first quarter of the year one Impressive increase in sales of 60%, while the previous market leader Tesla stumbles.
sales figures in the upswing
The company based in the South China Megastadt Shenzhen sold over one million new energy vehicles in the first three months of 2025, including fully electric cars, hybrids and commercial vehicles. This results from a calculation of CNN on the basis of the latest Börstal filings . The sales figure of pure electric vehicles rose by 39% to more than 416,000 units.
record investments and market potential
BYD has developed a lot recently. Just last week, the company reported a record sales of $ 107 billion last year. In comparison, the turnover of Tesla was $ 97.7 billion in 2024, while the deliveries decreased by 1.1% for the first time.
The vast majority of BYD's deliveries last year went to domestic customers, while only 10% were exported to overseas. Analysts and investors therefore see great growth potential for BYD, especially in markets such as Europe, Southeast Asia and South America.
Difficulties for Tesla in Europe
in Europe, where BYD gains foot and built two production facilities, Tesla has to deal with falling sales figures. In February the sales figures of Tesla fell by around 40% compared to the same month in 2024, such as the European Automobile manufacturer association reported.
expansion and future visions
Last week, Wang Chuanfu, the founder and CEO of BYD, undertook to increase the total deliveries by almost 30% this year and to double deliveries abroad to over 800,000 vehicles, so state media .Innovations by BYD
In the first quarter, BYD presented a number of striking innovations. Last month, the company led a revolutionary loading technology Add reach in just five minutes - this exceeds the Tesla Supercharger who need 15 minutes to add 200 miles. In February, BYD also launched a
Despite the success in China, where BYD recorded an increase in sales of new energy cars by 25% in the first quarter and thus holds a market share of 27%, the company also faces challenges. The brand awareness and trade barriers could represent hurdles in international expansion, as Shaochen Wang, research analyst at Counterpoint Research, notes. A look at Tesla's home market shows that the controversial role of Elon Musk in the government, which is characterized by mass layoffs in the public sector, had the sales figure cooled down. While the demand for used electric vehicles is increasing, the prices for used Teslas are considerable. After years of hard competition in China's automotive industry, large car brands seem to consolidate themselves. According to Dongfeng Motor and Changan Automobile, two of the largest automobile manufacturers in the country and joint venture partner of Ford and Nissan, are in advanced merger talks. If this merger comes about, it could create the largest automobile manufacturer China and the fifth largest in the world. Analyst Shaochen Wang commented that the Chinese automotive market is too overcrowded and many brands are expected to get out, since the research and development costs burden the manufacturers. "The merger between Dongfeng and Changan primarily aims to achieve more efficient use of government assets while the competition is increasing," said Wang. For more information, CNN sent inquiries to Tesla, Changan and Dongfeng. market challenges and competition
consolidation in the automotive industry
Kommentare (0)