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BYD enjoys yet another blockbuster quarter as Tesla flounders

Linda Lew / Bloomberg
Linda Lew / Bloomberg • 2 min read
BYD enjoys yet another blockbuster quarter as Tesla flounders
In China, where Tesla has a large factory on the outskirts of Shanghai, Musk’s automaker is more being hurt by intense competition from home-grown competitors like BYD. Photo: Bloomberg
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China’s BYD enjoyed a strong start to 2025, with sales up 58% in the first quarter versus the same period of last year.

The nation’s best-selling auto brand delivered 371,419 passenger vehicles in March, bringing the total for the first three months of the year to 986,098 units, data released Tuesday show. Of those, 416,388 were pure electric vehicles. BYD stopped making combustion engine cars in 2022 and now only produces EVs and hybrids.

The numbers will likely be in stark contrast to US rival Tesla Inc., which only makes EVs and whose first-quarter sales may be as low as 340,000, according to some analyst estimates, or possibly around the 377,000 mark.

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