BYD overtakes Tesla as world’s largest BEV producer

Group 1: BYD's Performance - BYD Auto reported a 25% increase in global production of light battery electric vehicles (BEVs) to 2,221,913 units in 2025, surpassing Tesla as the world's largest BEV producer [1] - The company sold a total of 4,602,536 vehicles globally last year, marking a 7.7% increase from the previous year's 4,272,145 units, with light BEV sales rising by 28% to 2,256,714 units [2] - Sales of light plug-in hybrid vehicles (PHEVs) decreased by 7.9% to 2,288,709 units, while commercial vehicle sales surged by 162% to 57,013 units [2] Group 2: Competitive Landscape - BYD has increased production through the launch of new models, overtaking state-owned SAIC Motor as China's largest vehicle producer [3] - Tesla produced 1,636,129 BEVs last year, a decline of almost 9% from the previous year, with total output falling by nearly 7% to 1,654,667 units [4] - Tesla's production was heavily concentrated in two main models, the Model 3 and Model Y, and faced challenges in key overseas markets, particularly in Europe, due to political controversies and competition from Chinese automakers [4]