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BYD's China EV deliveries sharply decline in December, but lead overall sales in 2025
CNBCยท 2026-01-02 09:24
Group 1 - BYD experienced a significant decline in December deliveries, totaling 414,784, down from 474,921 in November, indicating a challenging end to a volatile year for the company amid a price war and weak domestic demand [2] - The company has adjusted its 2025 sales target down by 16% to 4.6 million units, reflecting the impact of weakening domestic demand on its performance [2] - Despite the decline, BYD remains the market leader in electric vehicles, with total deliveries exceeding 4.54 million passenger vehicles for 2025, representing a 6.94% increase from 2024 [2] Group 2 - The competitive landscape shows Tesla's wholesale deliveries of 735,274 units from Model Y and Model 3 vehicles in China between January and November, with December figures still pending [3] - The IAA MOBILITY 2025 automobile fair highlights the struggles of German automakers to maintain market share as they face increasing competition from Chinese manufacturers like BYD [1]