It’s official: China’s BYD is outselling Tesla

BYD, China’s largest maker of electronic vehicles, surpassed $100 billion in sales last year, beating out its beleaguered American competitor Tesla.

Per an earnings release on Monday, BYD notched $107 billion in sales last year. That’s decisively above the $97.7 billion that Tesla made in 2024. And in terms of vehicles delivered, BYD shipped 4.27 million hybrid and battery electric vehicles, while Tesla shipped 1.79 million EVs.

Last year marked Tesla’s first sales decline in over a dozen years.