IT之家 1 月 2 日消息，英国 BBC 今天（1 月 2 日）发布博文，报道称比亚迪在 2025 年将首次超越特斯拉，登顶全球纯电动汽车（EV）年度销量冠军。 基于比亚迪官方公布的数据，2025 年共计交付 2256714 辆纯电汽车，相比较 2024 年（1764992 辆）同比增长 27.86%。IT之家附上相关截图如下： | | | | Production Volume | | | | | Sale | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | December | December | Year-to-date | Year-to-date | Percentage | December | December | Ye | | Items | 2025 | 2024 | December | December | Year on | 2025 | 2024 | D | | | | | 2025 | 2024 | Year | | | | | New energy vehicle | 419,804 | 466,441 ...

【纠错】 【责任编辑:马俊卿】 新华社旧金山1月2日电（记者吴晓凌）美国电动汽车制造商特斯拉公司2日公布的数据显示，该公司 2025年全球交付汽车163.6万辆，同比下降约8.6%。这是特斯拉有史以来首次在全年电动汽车销量上被 中国汽车制造商比亚迪超越。 ...

Tesla's annual sales have dropped for the second year in a row, the company said Friday. The Elon Musk-led electric vehicle maker delivered 1.64 million cars last year, a 9% fall from the 1.79 million it shipped in 2024. It delivered 418,227 vehicles in the final quarter of 2025, down 16% year-over-year and missing analyst expectations for 441,000 vehicles, according to an average compiled by Bloomberg. On Monday, Tesla took the unusual step of publishing a consensus estimate, which predicted the automa ...

Core Insights - BYD Company Limited achieved its full-year sales target and is likely to surpass Tesla Inc. to become the world's largest electric-vehicle manufacturer by 2025 [1] - The Chinese auto market is expected to face significant challenges in the upcoming year [1] Sales Performance - BYD delivered 4.6 million vehicles in 2025, reflecting a 7.7% increase from 2024, with sales evenly split between fully electric vehicles and plug-in hybrids, each category accounting for nearly 2.3 million units [2] - Tesla is projected to report fourth-quarter deliveries of approximately 440,900 vehicles, marking an 11% year-over-year decline, leading to total annual deliveries of around 1.6 million units, indicating a second consecutive annual decrease [3] Market Challenges - The outlook for BYD and other automakers is becoming tougher as China reduces EV buyer incentives, and increasing trade barriers complicate overseas expansion [4] - BYD faces intensified domestic competition from Geely Automobile Holdings Ltd. and Xiaomi Corp., which have gained consumer traction through aggressive innovation and new vehicle offerings [4] Future Sales Goals - BYD aims to boost its overseas sales to approximately 1.5-1.6 million vehicles by 2026, as reported by Citigroup Inc. [5]

Group 1 - Tesla reported a fourth-quarter delivery volume of 418,227 vehicles, a 16% year-over-year decline, falling behind BYD in the global electric vehicle market [1][2] - BYD's electric vehicle sales grew significantly, with a total of nearly 2.26 million units delivered in 2025, marking an increase of nearly 28% year-over-year, while Tesla's deliveries were approximately 1.64 million, representing a decline of over 8% from 2024 [2][3] - Analysts have expressed skepticism about Tesla's sales outlook for 2026, with average market expectations dropping from over 3 million units two years ago to around 1.8 million units currently [4] Group 2 - Tesla's market share in Europe has declined, with new car registrations falling by 39% in the first 11 months of 2025, while BYD's registrations surged by 240% [4] - The introduction of a cheaper version of the Model Y in October may help Tesla regain some market share in emerging markets, despite facing strong competition from Chinese manufacturers [6] - Tesla's CEO Elon Musk has shifted focus to the development of the Robotaxi service, which aims to achieve fully autonomous driving without a safety supervisor, although current consumer access to such services remains limited [6][8]

Core Insights - The title of the largest electric vehicle (EV) seller globally has shifted from Tesla to BYD, marking a significant change in the industry landscape [1][2] Sales Performance - BYD achieved record sales of 2.26 million battery-electric vehicles (BEVs) in 2025, a 28% increase year over year, while Tesla's deliveries fell 8% to approximately 1.64 million [2][9] Factors Behind the Shift - Tesla's decline is attributed to an aging product lineup and political challenges, including the expiration of the $7,500 U.S. tax credit, which negatively impacted domestic demand and market share in countries like France and Sweden [3][5] - In contrast, BYD's success is driven by a vertically integrated supply chain that allows for cost control and rapid scaling, enabling the company to offer a diverse range of vehicles [4][5] Market Share and Expansion - BYD's strategy of manufacturing its own batteries and chips has resulted in a cost structure that is competitive against Western rivals, contributing to China's impressive 51% EV market share in 2025 [5] - BYD's expansion into markets such as Brazil, Hungary, and Southeast Asia has reduced its dependence on any single economy [5] Investment Opportunities - Given the geopolitical risks associated with direct investment in BYD due to rising protectionism, investors may consider exchange-traded funds (ETFs) that include significant stakes in BYD to mitigate risks while capitalizing on the growth of the EV market [6][7] - Forecasts suggest that EV sales could reach 40% of the global market by 2030, presenting a substantial opportunity for investors [7] ETFs Highlighting BYD - KraneShares MSCI China Clean Technology Index ETF (KGRN) has net assets of $59.6 million, with BYD holding an 8.64% weight in the fund and a 22.1% increase over the past year [10] - iShares MSCI China ETF (MCHI) has net assets of $7.74 billion, with BYD at a 1.59% weight and a 32.3% increase over the past year [11] - KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) also has net assets of $7.74 billion, with BYD at a 4.07% weight and a 43.3% increase over the past year [12]

Core Insights - Tesla has lost its position as the world's leading electric vehicle (EV) manufacturer to China's BYD, following a decline in Tesla's sales and a surge in BYD's sales in Asia [1][3] - BYD sold approximately 2.26 million fully electric vehicles in 2025, marking a nearly 28% increase from the previous year, while Tesla's deliveries fell to around 1.6 million vehicles, a decrease of about 8%-9% [2][3] - The shift in market leadership is attributed to various factors, including the end of federal subsidies for EV purchases in the U.S. and changing consumer preferences [1][5] Tesla's Performance - Tesla reported a second consecutive annual drop in deliveries, with 2025 figures showing a decline from a peak of approximately 1.8 million deliveries in 2023 [3][6] - The company preemptively released estimates from Wall Street analysts regarding its future deliveries, indicating a potential drop in sales for the fourth quarter of 2025 [4] - Tesla's stock has seen a decline of over 6% in the past five days, reflecting market reactions to its sales performance [4] BYD's Growth - BYD's growth has been fueled by aggressive pricing strategies, a wide range of models catering to various market segments, and a strong local supply chain [7][8] - The company has expanded its exports significantly to regions such as Europe, Southeast Asia, Latin America, and the Middle East, despite facing high tariffs in the U.S. [7][9] - Analysts highlight BYD's scale in China, the largest EV market globally, as a critical factor providing cost advantages that Western competitors struggle to match [8] Market Dynamics - The U.S. EV market has contracted to around 5% of total vehicle sales, a significant reduction since the end of subsidies, impacting companies like Ford and Tesla [5][6] - The political landscape, including scrutiny of Chinese EV imports and potential tariff increases, poses challenges for BYD's international expansion while solidifying its dominance in China [9]

Core Insights - BYD has surpassed Tesla in global electric vehicle sales, achieving 2.26 million units in 2025, a nearly 28% increase from 2024, while Tesla's deliveries fell to 1.6 million, marking an 8.6% decline, the largest annual drop in its history [2][8] - Despite not yet entering the U.S. market, BYD's growth in the electric vehicle sector has outpaced Tesla, which relies heavily on the U.S. market for nearly half of its revenue [8][9] - Tesla's sales have been impacted by increased competition from BYD and other automakers, as well as political controversies surrounding CEO Elon Musk, leading to a significant drop in demand [9][10] Company Performance - BYD's total vehicle sales, including electric and plug-in hybrid models, are projected to exceed 4.6 million units in 2025, but the growth rate has fallen to its lowest in five years, indicating challenges in the Chinese market [10][11] - In the first three quarters of 2025, BYD's net profit declined, reflecting the pressures of intense competition and price wars in the domestic market [11] - BYD's market share in China has decreased from 35% in 2023 to 29% in the first eleven months of 2025, while competitors like Geely have seen significant growth [11] Market Dynamics - The U.S. electric vehicle market showed signs of weakness in late 2025, with Tesla's fourth-quarter deliveries dropping by 15.6% compared to the previous quarter [8][9] - Tesla's strategy to introduce lower-priced versions of its Model 3 and Model Y has not fully mitigated the impact of the expiring tax incentives, as these models come with reduced range and features [9] - The competitive landscape in China remains fierce, with over 150 automotive brands and more than 50 electric vehicle manufacturers, intensifying the pressure on BYD [11]

Core Insights - The market share of Chinese electric vehicles in Norway's passenger car market continues to increase, with a projected total sales of 24,524 units in 2025, accounting for 13.7% of the country's new car sales, an increase of 3.3 percentage points from 2024 [1] - In 2025, nearly 96% of new registered passenger cars in Norway will be pure electric vehicles, with BYD becoming the largest Chinese brand in the new car market, ranking 10th overall in sales [1] - Chinese brands showed particularly strong performance at the end of the year, capturing 17% of Norway's new car market in December 2025, a significant increase of 9.3 percentage points compared to the same period last year [1] - The head of the Norwegian Road Federation noted that Chinese automakers are rapidly becoming an important part of the Norwegian market by launching competitive electric vehicle models in key segments [1]

Core Insights - BYD has surpassed Tesla to become the world's largest seller of battery electric vehicles, marking a significant shift in the EV market dynamics [1][5] - In 2025, BYD sold 2.25 million battery-powered EVs, a nearly 28% increase from the previous year, while Tesla's sales fell by 8.5% to 1.64 million [2] - BYD's total vehicle shipments reached 4.6 million in 2024, including plug-in hybrids, while Tesla does not offer hybrid models [2] Company Performance - Tesla has experienced a decline in sales, with Q4 sales dropping nearly 16% year-over-year due to the removal of the $7,500 tax credit in the US [7] - The company is facing challenges in Europe and China, where competition is intensifying and demand is fluctuating [7][10] - BYD has also faced competition and a crackdown on EV discounting in China, leading to a 10% year-over-year sales drop in December [10] Competitive Landscape - BYD is recognized for its technological innovations, including rapid EV charging and autonomous driving features, enhancing its competitive edge [9] - The company is expanding internationally, planning to open 1,000 new stores in Europe, where it has already outsold Tesla [10] - Tesla's CEO, Elon Musk, has acknowledged BYD's competitiveness, indicating a shift in perception regarding the Chinese automaker [11]