Core Viewpoint - BYD Company reported strong sales and record exports in November, indicating competitive strength against Tesla in various global markets, particularly outside the U.S. [1] Sales Performance - BYD sold 480,186 new energy vehicles (NEV) in November, marking its highest monthly figure in 2025, although this represents a 5.3% decrease year-over-year but an 8.7% increase from October [2] - Commercial NEVs saw an 88% year-over-year increase, totaling 5,625 units sold in November [2] - Battery-powered electric vehicle sales rose 19.9% year-over-year to 237,540 units, up 6.7% from October [3] - Passenger plug-in hybrid vehicle sales were 237,381 units, down 22.4% year-over-year but up 10.8% from October, marking the eighth consecutive month of year-over-year declines [3] - From January to November, BYD's total NEV sales reached 4,182,038 units, an 11.3% year-over-year increase [3] Export Growth - BYD's exports in November reached a record 131,935 units, a significant 325.9% increase year-over-year and a 57.3% increase from October [5] - From January to November, BYD sold 912,911 vehicles overseas, reflecting a 153.6% year-over-year growth [5] Competitive Landscape - Tesla's wholesale sales in China increased by 10% year-over-year in November, totaling 78,856 units, which is also a 41% increase from October [6] - Tesla's total wholesale sales from January to November stand at 754,561 units, down 8.3% year-over-year, trailing behind BYD's overall NEV sales [8] - Tesla has experienced year-over-year declines in wholesale sales in China for eight of the eleven months in 2025, although the recovery in November may indicate a positive trend [9] Market Dynamics - BYD's aggressive expansion in Europe and Asia could disrupt Tesla's market share, particularly with lower-priced models gaining consumer preference [10] - A survey indicated a growing preference among European consumers for vehicles made in China over those made in the U.S. [10] - Tesla faces challenges from brand perception issues and increased competition from lower-cost rivals like BYD [11] Stock Performance - BYD shares are trading at $12.69, up 12.03% year-to-date in 2025, while Tesla shares are at $426.79, up 5.68% year-to-date [12]