BYD on overtaking: Tesla under pressure, Europe in sight!

BYD on overtaking: Tesla under pressure, Europe in sight!

Vienna, Österreich - byd, the Chinese electric car manufacturer, is experiencing a remarkable rise in the international market of electromobility. The company's share price has a significant increase, while Tesla has overtaken Tesla in the global sales of electric vehicles. This development has not only exceeded the expectations of investors, but also exacerbated the competitive situation in the E-Auto sector. CEO Wang Chuanfu recently announced the construction of a European center in Hungary, which is considered a strategic location due to favorable production conditions and its central location in Europe.

BYD focuses heavily on technical innovations, especially new quick charging systems, in order to be able to exist in the competition with Tesla. The company also pursues a vertically integrated production strategy, which includes all steps from battery creation to vehicle assembly. Experts are optimistic about the future growth of BYD, despite the geopolitical risks that exist for Chinese companies.

growth and sales figures

In the first quarter of 2025, BYD recorded 60% sales rise and sold over a million “New Energy Vehicles”, which include pure electric cars, hybrids and commercial vehicles. The increase in the proportion of purely battery -operated vehicles is particularly remarkable by 39%, which corresponds to more than 416,000 units. In comparison, Tesla reported annual sales of $ 97.7 billion for 2024, but with a decline in annual deliveries by 1.1%. BYD achieved record sales of $ 107 billion in the same period, which underlines the company's dynamic expansion.

Für Tesla wird der Wettbewerb zunehmend herausfordernder, da das Unternehmen in Europa einen Absatzrückgang von rund 40% verzeichnet. In this atmosphere of uncertainty, BYD plans to increase worldwide deliveries by almost 30% and to double export numbers to 800,000 vehicles, which illustrates its ambitions for global market leadership in electromobility.

technological innovations

A key factor for the growth of BYD could be the introduction of new battery charging technologies, which enable a range of 400 km within five minutes. In addition, BYD offers advanced driver assistance systems free of charge in most models. These innovations could further increase customer interest and position the company as a serious challenger for Tesla.

in the global context, China remains the largest market for electric vehicles, with BYD has continuously gaining market share in recent years. The BYD market share in China is currently 27%, while Tesla only reaches a share of 4%. Despite his successes, Tesla is under pressure through growing competitive pressure and critical voices in public, especially towards CEO Elon Musk.

market causes and challenges

The market development in electromobility shows that around 9 million fully electric cars were sold in 2023, which corresponds to an increase of 29% compared to the previous year. A turnover of around 11 million cars will be forecast for 2024. Nevertheless, Tesla in China is fighting 14%with a decline in sales, while BYD benefits from the consolidation of the market as an innovation leader.

In this rapidly changing market environment, Tesla is questioned, since four of the top 6 electric car manufacturers are Chinese companies, including BYD, Saic, Geely and GAC. These developments indicate an intensive competition that could also significantly influence the global acceptance of electric vehicles in the coming years.